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Spencer city, Oklahoma Demographics & Population 2026

Very AffordableHome value to income ratio of 2.1x is exceptionally low

As of 2026, Spencer city, Oklahoma has a total population of 3,942, the 88th largest city in Oklahoma, with a median household income of $57,550, which is 10% lower than the state average. The poverty rate is 16.3%.

Key Takeaways

Spencer city Quick Facts

Population 3,942
Median Household Income $57,550
Median Home Value $119,000
Poverty Rate 16.3%
Unemployment Rate 9.8%
Median Age 40.5 years
Homeownership Rate 66.6%
Affordability Ratio 2.1x
Bachelor's Degree or Higher 22.4%
High School Graduation Rate 91.0%
Diversity Index 65/100
Population 3,942 88th of 834
Median Income $57,550 above average
Poverty Rate 16.3% 31% higher national
Median Home Value $119,000 above average

How Spencer city Compares

Economy & Housing

Employment

9.8% Unemployment Rate State: 4.9% | National: 5.2%
66.5% Labor Force Participation

Housing Overview

Owner 66.6%
Renter 33.4%
Affordability Index Very Affordable
2.1x home value to income ratio

People & Demographics

Diversity Index

65out of 100
High Diversity

A diverse community with significant representation from multiple racial and ethnic groups.

State average: 55 | National average: 60

Education

Spencer city Rankings in Oklahoma

#88 Population of 834
#271 Median Income of 834
#191 Education of 834
#260 Home Value of 834

Cities Similar to Spencer city

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Madill city3,966$47,022$101,4009.8%21.5%
Broken Bow city4,215$50,744$159,00013.4%29.7%
Fort Gibson town3,805$69,632$173,20037.2%20.4%
Marlow city4,423$53,932$115,10019.0%20.4%
McLoud city4,424$64,167$146,30012.7%12.2%

Population Overview

Spencer city is a small community located in Oklahoma. The total population is 3,942. It ranks as the 88th most populous out of 834 cities and towns in Oklahoma.

Age Demographics

The median age in Spencer city is 40.5 years. This is 10% higher than the state median of 36.9 years.

Economy, Income & Housing

The median household income in Spencer city is $57,550. This is 10% lower than the state median of $63,603. Compared to the national median of $78,538, household income here is 27% lower. The poverty rate stands at 16.3%. This is 6% higher than the state poverty rate of 15.3%. The unemployment rate is 9.8%. This is 101% higher than the state rate of 4.9%. The median home value is $119,000. Housing costs are 36% lower than the state median of $185,900. With a home-value-to-income ratio of just 2.1x, Spencer city is one of the most affordable housing markets in the area. 66.6% of occupied housing units are owner-occupied. This homeownership rate is 1% higher than the state average of 65.8%.

Race & Ethnicity

The largest racial or ethnic group in Spencer city is Black or African American, making up 49.1% of the population. White (non-Hispanic) residents account for 28.8%. The White (non-Hispanic) population (28.8%) is well below the state average of 62.8%. The Black or African American population is significantly higher than the state average (49.1% vs 6.9%).

Education

22.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 19% lower than the state rate of 27.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 91.0%.

Data Sources & Methodology

All demographic data for Spencer city, Oklahoma is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Oklahoma state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 834 Census-designated places in Oklahoma. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Spencer city, Oklahoma?

Spencer city, Oklahoma has a population of 3,942 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Spencer city, OK?

The median household income in Spencer city is $57,550, which is 27% lower the national median of $78,538.

What is the poverty rate in Spencer city, OK?

The poverty rate in Spencer city is 16.3%. This means approximately 636 residents live below the federal poverty line.

What is the racial makeup of Spencer city, Oklahoma?

Spencer city's population is 28.8% White, 49.1% Black, 15.4% Hispanic/Latino, and 1.4% Asian.

What is the median home value in Spencer city, OK?

The median home value in Spencer city is $119,000. The home-value-to-income ratio is 2.1x.

How educated is Spencer city, Oklahoma?

22.4% of adults (25+) in Spencer city hold a bachelor's degree or higher, and 11.0% hold a graduate or professional degree.