The median household income in Spencer, IN in 2022 was $45,272, which was 47.5% less than the median annual income of $66,785 across the entire state of Indiana. Compared to the median income of $28,664 in 2000 this represents an increase of 36.7%. The per capita income in 2022 was $31,699, which means an increase of 50.0% compared to 2000 when it was $15,843.
Whole page based on the data from 2000 / 2022 when the population of Spencer, Indiana was 2,508 / 2,256
Income statistics for all residents
Median household income in Spencer, IN in 2022:
Spencer:
$45,273
State:
$66,785
Change in median household income between 2000 and 2022:
Spencer, Indiana:
+57.9%
State:
+60.7%
Number of households with income < $10k:
Spencer:
8.1% (89)
Indiana:
5.6% (151,905)
Number of households with income $10k - 20k:
Spencer:
10.0% (110)
Indiana:
7.1% (193,665)
Number of households with income $20k - 30k:
Spencer:
18.9% (208)
State:
7.8% (213,166)
Number of households with income $30k - 40k:
Spencer:
9.2% (101)
State:
8.5% (231,051)
Number of households with income $40k - 50k:
Spencer:
6.0% (66)
State:
8.4% (227,994)
Number of households with income $50k - 60k:
Spencer:
10.6% (116)
State:
7.7% (210,699)
Number of households with income $60k - 75k:
Spencer:
10.8% (119)
State:
10.3% (279,665)
Number of households with income $75k - 100k:
Spencer:
10.0% (110)
Indiana:
14.1% (383,225)
Number of households with income $100k - 125k:
Spencer:
8.9% (98)
Indiana:
10.3% (279,559)
Number of households with income $125k - 150k:
Spencer:
2.6% (29)
Indiana:
6.3% (172,553)
Number of households with income $150k - 200k:
Spencer:
3.5% (39)
State:
7.3% (198,086)
Number of households with income > $200k:
Spencer:
1.3% (14)
State:
6.8% (184,921)
Aggregate household income in Spencer in 2022: $67,725,047
Median family income in Spencer in 2022:
Spencer:
$64,458
State:
$84,508
Number of families with income < $10k:
Spencer:
4.2% (21)
State:
3.5% (60,982)
Number of families with income $10k - 20k:
Spencer:
2.2% (11)
State:
3.8% (66,551)
Number of families with income $20k - 30k:
Spencer:
13.4% (68)
State:
4.7% (82,197)
Number of families with income $30k - 40k:
Spencer:
4.9% (25)
Indiana:
6.2% (108,519)
Number of families with income $40k - 50k:
Spencer:
7.0% (35)
State:
7.3% (126,404)
Number of families with income $50k - 60k:
Spencer:
12.1% (61)
Indiana:
7.4% (128,779)
Number of families with income $60k - 75k:
Spencer:
15.4% (78)
State:
10.7% (185,712)
Number of families with income $75k - 100k:
Spencer:
11.7% (59)
State:
16.1% (280,434)
Number of families with income $100k - 125k:
Spencer:
15.5% (78)
Indiana:
12.7% (221,659)
Number of families with income $125k - 150k:
Spencer:
5.6% (28)
Indiana:
8.2% (142,241)
Number of families with income $150k - 200k:
Spencer:
5.3% (27)
State:
9.9% (171,875)
Number of families with income > $200k:
Spencer:
2.7% (14)
State:
9.5% (164,753)
Median non-family income in Spencer in 2022:
Spencer:
$29,187
Indiana:
$39,768
Change in median non-family income between 2000 and 2022:
Spencer, Indiana:
+49.2%
Indiana:
+67.9%
Median per capita income in Spencer in 2022:
Spencer:
$31,700
State:
$35,984
Change in median per capita income between 2000 and 2022:
Spencer, Indiana:
+100.1%
Indiana:
+76.4%
Income statistics for White residents
Median household income in Spencer, IN in 2022:
Spencer:
$42,353
State:
$70,619
Change in median household income between 2000 and 2022:
Spencer, Indiana:
+47.5%
State:
+65.2%
Number of households with income < $10k:
Spencer:
8.2% (88)
State:
4.5% (100,447)
Number of households with income $10k - 20k:
Spencer:
10.1% (108)
Indiana:
6.5% (144,216)
Number of households with income $20k - 30k:
Spencer:
19.1% (204)
State:
7.5% (166,045)
Number of households with income $30k - 40k:
Spencer:
9.2% (98)
Indiana:
8.1% (179,206)
Number of households with income $40k - 50k:
Spencer:
6.0% (64)
State:
8.1% (178,985)
Number of households with income $50k - 60k:
Spencer:
10.7% (114)
Indiana:
7.8% (171,865)
Number of households with income $60k - 75k:
Spencer:
11.0% (118)
Indiana:
10.5% (231,572)
Number of households with income $75k - 100k:
Spencer:
10.1% (108)
State:
14.6% (323,007)
Number of households with income $100k - 125k:
Spencer:
8.8% (94)
State:
10.6% (235,112)
Number of households with income $125k - 150k:
Spencer:
2.6% (28)
State:
6.7% (148,936)
Number of households with income $150k - 200k:
Spencer:
3.1% (33)
State:
7.7% (170,750)
Number of households with income > $200k:
Spencer:
1.2% (13)
State:
7.3% (160,805)
Aggregate household income in Spencer in 2022: $65,264,189
Median family income in Spencer in 2022:
Spencer:
$63,987
Indiana:
$88,109
Number of families with income < $10k:
Spencer:
4.0% (19)
State:
2.5% (35,020)
Number of families with income $10k - 20k:
Spencer:
2.4% (12)
Indiana:
3.3% (47,383)
Number of families with income $20k - 30k:
Spencer:
13.8% (67)
Indiana:
4.2% (60,156)
Number of families with income $30k - 40k:
Spencer:
4.8% (24)
State:
5.8% (82,106)
Number of families with income $40k - 50k:
Spencer:
7.2% (35)
State:
6.9% (98,385)
Number of families with income $50k - 60k:
Spencer:
12.2% (59)
Indiana:
7.3% (104,303)
Number of families with income $60k - 75k:
Spencer:
15.6% (76)
State:
10.7% (152,202)
Number of families with income $75k - 100k:
Spencer:
11.8% (58)
Indiana:
16.8% (237,844)
Number of families with income $100k - 125k:
Spencer:
15.4% (75)
State:
13.2% (187,178)
Number of families with income $125k - 150k:
Spencer:
5.6% (27)
Indiana:
8.6% (122,703)
Number of families with income $150k - 200k:
Spencer:
4.4% (21)
State:
10.5% (148,889)
Number of families with income > $200k:
Spencer:
2.7% (13)
Indiana:
10.1% (143,001)
Median non-family income in Spencer in 2022:
Spencer:
$29,142
Indiana:
$41,009
Change in median non-family income between 2000 and 2022:
Spencer, Indiana:
+49.0%
State:
+69.4%
Median per capita income in Spencer in 2022:
Spencer:
$32,858
State:
$38,746
Change in median per capita income between 2000 and 2022:
Spencer, Indiana:
+116.4%
State:
+82.8%
Income statistics for Asian residents
Aggregate household income in Spencer in 2022: $2,054,274
Median per capita income in Spencer in 2022:
Spencer:
$32,036
State:
$41,211
Change in median per capita income between 2000 and 2022:
Spencer, Indiana:
+45.6%
Indiana:
+83.8%
Income statistics for Hispanic or Latino residents
Median per capita income in Spencer in 2022:
Spencer:
$24,772
State:
$22,779
Income statistics for Multirace residents
Median per capita income in Spencer in 2022:
Spencer:
$7,159
State:
$23,668
Change in median per capita income between 2000 and 2022:: -1.3%
Spencer, Indiana:
-1.3%
Indiana:
+108.5%
Income statistics for other residents
Median per capita income in Spencer in 2022:
Spencer:
$26,330
State:
$23,719
Change in median per capita income between 2000 and 2022:: -95.4%
Spencer, Indiana:
-95.4%
Indiana:
+99.6%
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