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The total population of Spencer County is estimated to be 19,935 with 10,161 males (50.97%) and 9,774 females (49.03%). There are 387 less females than males in Spencer County.
The median household income in Spencer County was $64,448 in 2021, which marked an a decrease of 49(0.08%) from $64,497 in 2020. This income is 86.38% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Spencer County sees its highest median household income among householders in the age group of 25 to 44 years old, at $89,738. Overall, the median household income for the county of Spencer County stands at $64,448.
In Spencer County, the median income for all workers aged 15 years and older, regardless of work hours, was $46,076 for males and $27,159 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $63,259 for males and $42,293 for females.
In Spencer County, there are just three different racial groups among households. Among these, White households report a median household income of $65,545, followed by Two or More Races households at $58,690, and Black or African American households with a median household income of $52,965.
In 2022, the population of Spencer County was 19,967, a 0.46% increase year-by-year from 2021. Previously, in 2021, Spencer County's population was 19,875, an increase of 0.20% compared to a population of 19,835 in 2020.
The median age in Spencer County, IN is 44.4, as per 2021 ACS 5-Year Estimates. Of the total population, 17.79% were under the age of 15, 16.61% aged 15 to 29, 45.85% aged 30 to 64, 17.24% aged 65 to 84, and 2.51% were 85 years of age and older.
Racial distribution of Spencer County population: 96.03% are White, 0.69% are Black or African American, 0.02% are American Indian and Alaska Native, 0.37% are Asian, 0.71% are some other race and 2.18% are multiracial.