Spencer, MA
Maps & Population Facts

Population
11,856
Population Density
361
Labor Participaton
65.0%
Bachelor's or Higher
22.6%
Median Household Income
$65,386
Median Individual Income
$39,844
Median Individual Income(Full-time Workers Only)
$47,171

Housing Estimates

Median House Value
$252,100
Median Gross Rent
$858
Median Mortgage Payment
$1,768
Housing Units
5,558
People who reside in Spencer live in:
Detached - Single Family Homes
62%
Apt, Condo, Other
38%
Analysis

Income

Households in Spencer earn more money than the national median income, averaging 8% higher per household.

Housing

Spencer has a median house price of $252,100. The cost of homeownership is slightly higher than most areas. The cost of renting in Spencer is 15% less than the national average.

Percent
Renter Occupied Households 38%
New Construction (Built after 2000) 10%

Demographics

The median age in Spencer is 45. Spencer has a population that is significantly older than in comparison to the US median age.

Spencer ranks in the lowest of the nation for having an educated population and has significantly less college graduates per resident than most areas.

Housing Data

Housing Comparison
Spencer Massachusetts USA
Median Property Value 252,100 385,400 217,600
Median Mortgage Payment 1,768 2,108 1,513
Median Gross Rent 858 1,208 1,012
Property Vacancy 10.6% 10.0% 12.6%
% Renters 35% 38% 36%
Residents per Sq. Mi. 361 885 93
Personal Comparison
Spencer Massachusetts USA
Median Household Income 65,386 77,385 60,336
Median Individual Income 39,844 41,700 33,646
Median Income (Full-Time) 47,171 60,923 46,881
Median Age 45.1 39.5 38.1
Labor Participation 65.0% 67.8% 62.8%
Attained College Degree 22.6% 43.4% 32.0%

Population Density Analysis

Spencer, MA
361
Residents per Sq. Mile
The population density of Spencer is comparable to that of a Rural Area.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +

Demographics