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The total population of Spencer is estimated to be 839 with 383 males (45.65%) and 456 females (54.35%). There are 73 more females than males in Spencer.
The median household income in Spencer was $61,393 in 2021, which marked an an increase of 864(1.43%) from $60,529 in 2020. This income is 82.29% 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 sees its highest median household income among householders in the age group of 25 to 44 years old, at $86,924. Overall, the median household income for the village of Spencer stands at $61,393.
In Spencer, the median income for all workers aged 15 years and older, regardless of work hours, was $38,784 for males and $34,229 for females. However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $50,443 for females, while data for males was unavailable due to an insufficient number of sample observations.
In Spencer, population is primarily represented by White households, reporting a median income of $61,393.
In 2022, the population of Spencer was 705, a 1.54% decrease year-by-year from 2021. Previously, in 2021, Spencer's population was 716, a decline of 1.24% compared to a population of 725 in 2020.
The median age in Spencer, NY is 35.3, as per 2021 ACS 5-Year Estimates. Of the total population, 23.76% were under the age of 15, 11.94% aged 15 to 29, 48.23% aged 30 to 64, 12.65% aged 65 to 84, and 3.43% were 85 years of age and older.
Racial distribution of Spencer population: 98.70% are White, 0.71% are Black or African American and 0.59% are multiracial.