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The total population of Spencer is estimated to be 3,969 with 1,950 males (49.13%) and 2,019 females (50.87%). There are 69 more females than males in Spencer.
The median household income in Spencer was $52,505 in 2021, which marked an an increase of 10,903(26.21%) from $41,602 in 2020. This income is 70.38% 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 sees its highest median household income among householders in the age group of 25 to 44 years old, at $70,766. Overall, the median household income for the city of Spencer stands at $52,505.
In Spencer, the median income for all workers aged 15 years and older, regardless of work hours, was $36,481 for males and $23,257 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $45,193 for males and $41,649 for females.
In Spencer, there are just three different racial groups among households. Among these, White households report a median household income of $69,672, followed by Black or African American households at $46,366, and Two or More Races households with a median household income of $32,030.
In 2022, the population of Spencer was 3,905, a 0.94% decrease year-by-year from 2021. Previously, in 2021, Spencer's population was 3,942, a decline of 0.95% compared to a population of 3,980 in 2020.
The median age in Spencer, OK is 47.4, as per 2021 ACS 5-Year Estimates. Of the total population, 16.86% were under the age of 15, 11.98% aged 15 to 29, 47.65% aged 30 to 64, 18.45% aged 65 to 84, and 5.06% were 85 years of age and older.
Racial distribution of Spencer population: 32.17% are White, 55.40% are Black or African American, 0.45% are American Indian and Alaska Native, 0.63% are Asian, 4.73% are some other race and 6.62% are multiracial.