Spencer, a city located in the state of Indiana (IN), is home to a population of approximately 2,240 people. Spencer boasts a median age of 46.8, with around 38.5% of its residents aged 60 or above. 8.3% of the population identifies as US Veterans. 17.3% of Spencer residents are disabled. The city has an average household income of $45,536, while the unemployment rate stands at 6%, and around 12.7% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Spencer is $131,972, with a monthly rent averaging $784.