Indiana · Census place 71972
Spencer town, IN
Quick answer
Spencer town has 2,308 residents, ranking #206 of 976 places in Indiana. Median household income is $47,994, the median home is worth $146,300 and median gross rent runs $860 a month.
- Population
- 2,308Spencer town residents
- Median household income
- $47,994Past 12 months, inflation adjusted
- Median home value
- $146,300Owner-occupied units
- Median gross rent
- $860Rent plus utilities, monthly
- Median age
- 49.4 yrsAll residents
- Homeownership rate
- 65.6%Owner-occupied households
What the numbers mean in Spencer town
Housing cost measured against local earnings.
A household earning the Spencer town median would spend about 21.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 13.9% of residents and 65.6% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Indiana.
- Brooklyn town 2,410
- New Chicago town 2,348
- Ferdinand town 2,346
- Fowler town 2,286
- Jasonville city 2,269
- Kouts town 2,261
- Shadeland town 2,257
Keep going
More Indiana coverage.