Spencer, IN Profile: Facts & Data

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Spencer, Indiana - Basic Facts

The Town of Spencer had a population of 2,173 as of July 1, 2019.

The primary coordinate point for Spencer is located at latitude 39.2867 and longitude -86.7625 in Owen County. The formal boundaries for the Town of Spencer encompass a land area of 1.59 sq. miles and a water area of 0 sq. miles. Owen County is in the Eastern time zone (GMT -5). The elevation is 564 feet.

The Town of Spencer (GNIS ID: 2397671) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Spencer is located within Township of Washington, a minor civil division (MCD) of Owen County.


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  1. Spencer 2019 Demographic Data
  2. Growth Rates for Spencer (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Indiana Research Tools (Easy Tools & Current Data)
  3. Indiana Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Spencer, IN Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Spencer, IN Housing Affordability Index is 187
State of Indiana Housing Affordability Index is 180
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Spencer, IN Wealth Index is 38
State of Indiana Wealth Index is 81
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

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  1. For information about schools and school attendance zones, use the HTL Address Tool
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  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Indiana COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 2,173 (100%)
Population in Households 2,133 (98.2%)
Population in Families 1,624 (74.7%)
Population in Group Quarters1 40 ( 1.8%)
Population Density 1,371
Diversity Index2 10
 

INCOME

Median Household Income $37,828
Average Household Income $47,738
Per Capita Income $20,499
Wealth Index4 38

HOUSING

Total Housing Units 1,133 (100%)
Owner Occupied HU 615 (54.3%)
Renter Occupied HU 400 (35.3%)
Vacant Housing Units 118 (10.4%)
Median Home Value $107,649
Housing Affordability Index3 187
 

HOUSEHOLDS

Total Households 1,015
Average Household Size 2.1
Family Households 615
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population -0.39% -0.42%
Households -0.25% -0.38%
Families 1.1% -0.49%
Median Household Income   1.27%
Per Capita Income   2.22%

Spencer, IN - Peer Comparisons by Rank and Percentile

The table below compares Spencer to the other 679 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 209 69th
Population Density # 311 54th
Diversity Index # 377 45th
Median Household Income # 623 8th
Per Capita Income # 599 12th

Additional comparisons and rankings can be made with a VERY EASY TO USE Indiana Census Data Comparison Tool.

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