The median household income in Spencer, IA in 2022 was $56,378, which was 23.4% less than the median annual income of $69,588 across the entire state of Iowa. Compared to the median income of $32,970 in 2000 this represents an increase of 41.5%. The per capita income in 2022 was $36,718, which means an increase of 47.8% compared to 2000 when it was $19,153.
Whole page based on the data from 2000 / 2022 when the population of Spencer, Iowa was 11,317 / 11,393
Income statistics for all residents
Median household income in Spencer, IA in 2022:
Spencer:
$56,379
State:
$69,588
Change in median household income between 2000 and 2022:
Spencer, Iowa:
+71.0%
Iowa:
+76.3%
Number of households with income < $10k:
Spencer:
3.1% (166)
State:
4.3% (57,792)
Number of households with income $10k - 20k:
Spencer:
10.5% (560)
Iowa:
7.1% (94,476)
Number of households with income $20k - 30k:
Spencer:
10.8% (576)
Iowa:
7.5% (99,451)
Number of households with income $30k - 40k:
Spencer:
11.7% (621)
Iowa:
7.9% (105,366)
Number of households with income $40k - 50k:
Spencer:
9.8% (519)
State:
8.3% (110,374)
Number of households with income $50k - 60k:
Spencer:
6.4% (338)
State:
8.0% (106,753)
Number of households with income $60k - 75k:
Spencer:
9.7% (517)
Iowa:
10.3% (137,637)
Number of households with income $75k - 100k:
Spencer:
13.8% (734)
State:
14.2% (188,515)
Number of households with income $100k - 125k:
Spencer:
8.9% (471)
State:
10.3% (136,469)
Number of households with income $125k - 150k:
Spencer:
5.5% (295)
Iowa:
7.1% (94,270)
Number of households with income $150k - 200k:
Spencer:
6.6% (350)
State:
7.8% (103,165)
Number of households with income > $200k:
Spencer:
3.3% (174)
Iowa:
7.3% (96,727)
Aggregate household income in Spencer in 2022: $402,559,661
Median family income in Spencer in 2022:
Spencer:
$79,627
Iowa:
$90,851
Number of families with income < $10k:
Spencer:
1.5% (43)
Iowa:
2.5% (20,874)
Number of families with income $10k - 20k:
Spencer:
5.2% (148)
State:
3.2% (26,365)
Number of families with income $20k - 30k:
Spencer:
4.2% (118)
State:
4.3% (35,635)
Number of families with income $30k - 40k:
Spencer:
8.4% (238)
State:
5.4% (44,304)
Number of families with income $40k - 50k:
Spencer:
7.5% (212)
State:
6.8% (55,757)
Number of families with income $50k - 60k:
Spencer:
6.5% (185)
State:
6.7% (55,443)
Number of families with income $60k - 75k:
Spencer:
11.1% (314)
Iowa:
10.2% (83,983)
Number of families with income $75k - 100k:
Spencer:
18.7% (529)
Iowa:
16.5% (135,546)
Number of families with income $100k - 125k:
Spencer:
12.3% (348)
State:
13.2% (108,552)
Number of families with income $125k - 150k:
Spencer:
10.0% (283)
State:
9.7% (79,659)
Number of families with income $150k - 200k:
Spencer:
9.0% (256)
Iowa:
11.0% (90,640)
Number of families with income > $200k:
Spencer:
5.7% (161)
Iowa:
10.4% (85,202)
Median non-family income in Spencer in 2022:
Spencer:
$36,584
Iowa:
$41,504
Change in median non-family income between 2000 and 2022:
Spencer, Iowa:
+92.1%
State:
+84.8%
Median per capita income in Spencer in 2022:
Spencer:
$36,718
State:
$38,917
Change in median per capita income between 2000 and 2022:
Spencer, Iowa:
+91.7%
Iowa:
+97.8%
Income statistics for White residents
Median household income in Spencer, IA in 2022:
Spencer:
$57,784
State:
$71,725
Change in median household income between 2000 and 2022:
Spencer, Iowa:
+74.1%
State:
+79.7%
Number of households with income < $10k:
Spencer:
3.4% (168)
State:
4.0% (47,459)
Number of households with income $10k - 20k:
Spencer:
10.0% (497)
State:
6.7% (78,901)
Number of households with income $20k - 30k:
Spencer:
11.0% (546)
State:
7.1% (83,759)
Number of households with income $30k - 40k:
Spencer:
11.6% (577)
State:
7.7% (90,779)
Number of households with income $40k - 50k:
Spencer:
8.6% (428)
State:
8.0% (93,777)
Number of households with income $50k - 60k:
Spencer:
6.7% (334)
State:
8.0% (94,176)
Number of households with income $60k - 75k:
Spencer:
9.9% (490)
State:
10.5% (123,053)
Number of households with income $75k - 100k:
Spencer:
13.6% (676)
State:
14.4% (168,483)
Number of households with income $100k - 125k:
Spencer:
9.1% (451)
State:
10.6% (124,515)
Number of households with income $125k - 150k:
Spencer:
5.9% (293)
State:
7.4% (87,043)
Number of households with income $150k - 200k:
Spencer:
6.7% (334)
State:
7.8% (91,953)
Number of households with income > $200k:
Spencer:
3.4% (171)
State:
7.6% (88,587)
Aggregate household income in Spencer in 2022: $382,984,703
Median family income in Spencer in 2022:
Spencer:
$83,397
Iowa:
$93,591
Number of families with income < $10k:
Spencer:
1.6% (41)
State:
2.1% (15,266)
Number of families with income $10k - 20k:
Spencer:
3.8% (100)
State:
2.7% (19,465)
Number of families with income $20k - 30k:
Spencer:
4.3% (113)
Iowa:
4.0% (28,678)
Number of families with income $30k - 40k:
Spencer:
8.4% (221)
Iowa:
5.0% (36,249)
Number of families with income $40k - 50k:
Spencer:
7.6% (200)
State:
6.3% (45,169)
Number of families with income $50k - 60k:
Spencer:
7.0% (183)
State:
6.7% (48,577)
Number of families with income $60k - 75k:
Spencer:
11.0% (290)
State:
10.4% (75,030)
Number of families with income $75k - 100k:
Spencer:
17.9% (472)
State:
16.7% (120,450)
Number of families with income $100k - 125k:
Spencer:
12.6% (330)
State:
13.8% (99,746)
Number of families with income $125k - 150k:
Spencer:
10.6% (278)
Iowa:
10.2% (73,833)
Number of families with income $150k - 200k:
Spencer:
9.3% (245)
State:
11.3% (81,189)
Number of families with income > $200k:
Spencer:
6.0% (158)
Iowa:
10.8% (77,838)
Median non-family income in Spencer in 2022:
Spencer:
$34,570
State:
$41,981
Change in median non-family income between 2000 and 2022:
Spencer, Iowa:
+81.1%
Iowa:
+85.4%
Median per capita income in Spencer in 2022:
Spencer:
$37,563
State:
$41,266
Change in median per capita income between 2000 and 2022:
Spencer, Iowa:
+91.3%
State:
+105.0%
Income statistics for Black or African American residents
Median per capita income in Spencer in 2022:
Spencer:
$25,560
State:
$21,456
Income statistics for Asian residents
Aggregate household income in Spencer in 2022: $4,132,492
Median per capita income in Spencer in 2022:
Spencer:
$52,728
State:
$40,609
Income statistics for Hispanic or Latino residents
Median household income in Spencer, IA in 2022:
Spencer:
$82,497
State:
$64,447
Number of households with income < $10k:
Spencer:
0.0% (0)
State:
5.6% (3,540)
Number of households with income $10k - 20k:
Spencer:
0.0% (0)
State:
6.3% (3,979)
Number of households with income $20k - 30k:
Spencer:
0.0% (0)
State:
6.1% (3,857)
Number of households with income $30k - 40k:
Spencer:
0.0% (0)
State:
9.7% (6,099)
Number of households with income $40k - 50k:
Spencer:
43.9% (68)
State:
11.1% (6,971)
Number of households with income $50k - 60k:
Spencer:
0.0% (0)
State:
8.0% (5,046)
Number of households with income $60k - 75k:
Spencer:
0.6% (1)
State:
11.6% (7,267)
Number of households with income $75k - 100k:
Spencer:
32.9% (51)
Iowa:
16.6% (10,454)
Number of households with income $100k - 125k:
Spencer:
22.6% (35)
State:
8.3% (5,202)
Number of households with income $125k - 150k:
Spencer:
0.0% (0)
Iowa:
6.9% (4,319)
Number of households with income $150k - 200k:
Spencer:
0.0% (0)
State:
5.9% (3,708)
Number of households with income > $200k:
Spencer:
0.0% (0)
Iowa:
3.8% (2,363)
Aggregate household income in Spencer in 2022: $12,564,260
Median family income in Spencer in 2022:
Spencer:
$114,919
State:
$72,372
Number of families with income $75k - 100k:
Spencer:
67.0% (61)
State:
19.8% (8,633)
Number of families with income $100k - 125k:
Spencer:
33.0% (30)
State:
8.2% (3,571)
Median per capita income in Spencer in 2022:
Spencer:
$14,989
Iowa:
$23,112
Change in median per capita income between 2000 and 2022:
Spencer, Iowa:
+68.4%
State:
+113.1%
Income statistics for Multirace residents
Median household income in Spencer, IA in 2022:
Spencer:
$49,979
State:
$61,568
Number of households with income < $10k:
Spencer:
0.0% (0)
State:
4.6% (2,786)
Number of households with income $10k - 20k:
Spencer:
39.7% (85)
Iowa:
10.1% (6,104)
Number of households with income $20k - 30k:
Spencer:
0.0% (0)
Iowa:
6.9% (4,195)
Number of households with income $30k - 40k:
Spencer:
8.9% (19)
State:
8.7% (5,248)
Number of households with income $40k - 50k:
Spencer:
50.5% (108)
State:
8.6% (5,226)
Number of households with income $50k - 60k:
Spencer:
0.0% (0)
State:
9.9% (5,986)
Number of households with income $60k - 75k:
Spencer:
0.9% (2)
State:
11.4% (6,890)
Number of households with income $75k - 100k:
Spencer:
0.0% (0)
State:
15.2% (9,183)
Number of households with income $100k - 125k:
Spencer:
0.0% (0)
State:
6.7% (4,072)
Number of households with income $125k - 150k:
Spencer:
0.0% (0)
State:
4.8% (2,917)
Number of households with income $150k - 200k:
Spencer:
0.0% (0)
Iowa:
9.0% (5,446)
Number of households with income > $200k:
Spencer:
0.0% (0)
State:
4.0% (2,392)
Aggregate household income in Spencer in 2022: $7,117,736
Median per capita income in Spencer in 2022:
Spencer:
$9,477
Iowa:
$24,977
Change in median per capita income between 2000 and 2022:
Spencer, Iowa:
+146.7%
State:
+175.6%
Income statistics for other residents
Median household income in Spencer, IA in 2022:
Spencer:
$78,052
State:
$63,939
Number of households with income < $10k:
Spencer:
0.0% (0)
State:
4.3% (1,004)
Number of households with income $10k - 20k:
Spencer:
0.0% (0)
State:
8.5% (1,988)
Number of households with income $20k - 30k:
Spencer:
0.0% (0)
Iowa:
3.9% (900)
Number of households with income $30k - 40k:
Spencer:
0.0% (0)
State:
10.5% (2,454)
Number of households with income $40k - 50k:
Spencer:
0.0% (0)
State:
13.6% (3,166)
Number of households with income $50k - 60k:
Spencer:
0.0% (0)
Iowa:
6.7% (1,550)
Number of households with income $60k - 75k:
Spencer:
22.3% (23)
State:
9.8% (2,286)
Number of households with income $75k - 100k:
Spencer:
57.3% (59)
Iowa:
18.0% (4,187)
Number of households with income $100k - 125k:
Spencer:
20.4% (21)
Iowa:
10.3% (2,387)
Number of households with income $125k - 150k:
Spencer:
0.0% (0)
State:
5.1% (1,196)
Number of households with income $150k - 200k:
Spencer:
0.0% (0)
State:
5.5% (1,285)
Number of households with income > $200k:
Spencer:
0.0% (0)
State:
3.8% (879)
Aggregate household income in Spencer in 2022: $8,577,540
Median family income in Spencer in 2022:
Spencer:
$86,254
State:
$70,776
Number of families with income $60k - 75k:
Spencer:
19.2% (21)
State:
8.8% (1,454)
Number of families with income $75k - 100k:
Spencer:
65.5% (73)
Iowa:
22.1% (3,645)
Number of families with income $100k - 125k:
Spencer:
15.4% (17)
State:
9.1% (1,504)
Median per capita income in Spencer in 2022:
Spencer:
$37,594
State:
$24,763
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