Spencer, NC demographics:
population, income, and more
Spencer population
How many people live in Spencer
Spencer is home to 3,349 residents, according to the most recent Census data. Gender-wise, 51.5% of Spencer locals are male, and 48.5% are female.
Age demographics
The median age in Spencer is 44, with the population distributed as follows: about 15.6% are children under 15, then 10.2% are in the 15 to 24 age group. Adults between 25 and 44 make up 25.5% of the population, while another 25.3% fall into the 45 to 64 bracket. Finally, around 23.4% are 65 or older.
Racial makeup
In Spencer, 97.8% of the population are US-born citizens, while 2.2% have gained naturalized citizenship. There’s also a share of 3.6% that includes residents with two or more races.
Households in Spencer
A peek inside Spencer households
Spencer has 1,370 households, with an average of 2 members in each. Of these, 60.1% are families, while the remaining 39.9% are made up of individuals living alone or with non-relatives, such as roommates.
Households stats
Housing in Spencer
The housing landscape of Spencer
Spencer's housing consists of 1,632 units, with 93.1% being detached single-family homes ideal for those wanting space. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 1.4% of the housing landscape.
The age of buildings in Spencer
In Spencer, the median construction year is 1950. About 34.1% of homes were built before the 1940s, with another 16% going up by 1949. Most development happened in the second half of the 20th century. Then, 13.8% of homes were added from 2000 to 2009, 0.3% between 2010 and 2019, and 0.8% are part of the newest wave of development.
Spencer occupancy rates
Out of the 1,370 occupied housing units in Spencer, 72.7% are owner-occupied, while 27.3% are lived in by tenants. Meanwhile, 16.1% of all homes on the local market sit vacant.
Spencer housing costs
Housing costs in Spencer come to a median of $989 per month, while tenants specifically pay a median gross rent of $1,000.
Education in Spencer
Spencer education at a glance
About 45.3% of the population in Spencer went to high school, while 17.8% pursued college studies. Another 9.4% earned an associate degree and 15.3% hold a bachelor’s. Meanwhile, 8.2% went even further, earning a master’s or doctorate.
Income in Spencer
How much people earn in Spencer
The average annual household income in Spencer was $82,469 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +11.2% change from the previous year. At the same time, the median income stood at $65,465, reflecting a +2.2% shift over the same period.
Spencer income by age
In Spencer, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $56,136. Those with someone between 45 and 64 in charge, often well established professionally, earn $84,583 overall. Overall, 88.7% of the locals in this community live above the poverty line.
Average renter income in Spencer
To get a better sense of what renters earn on average in Spencer, their median household income was $38,462 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 31.2%, shows what portion of their earnings goes toward housing expenses.
Employment in Spencer
Workforce and job types in Spencer
The job market in Spencer is powered by 1,431 working residents, spread across a range of industries and roles. 54.3% of the working population are employed in professional or administrative positions, while 45.7% are in hands-on or service-based jobs. Also, 9.1% run their own businesses, 68.3% are employed by private companies, and 18.5% work in the public sector.
Workforce demographics
Available workforce
The unemployment rate in Spencer stands at 7.1%, representing the share of the workforce currently without a job and actively looking for one.
Transportation in Spencer
How people get around in Spencer
What is the median and average household income in Spencer by zipcode?
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FAQs about Spencer demographics
What is the total population of Spencer?
What is the gender ratio in Spencer?
- 51.5% males (1,725 residents)
- 48.5% females (1,624 residents)
What is the median age in Spencer?
What is the age distribution of the population in Spencer?
- Under 15: 15.6% (523 residents)
- Ages 15-24: 10.2% (340 residents)
- Ages 25-44: 25.5% (855 residents)
- Ages 45-64: 25.3% (847 residents)
- Over 65: 23.4% (784 residents)
What is the racial and ethnic makeup of Spencer?
- White: 50.7% (1,697 residents)
- Black or African American: 41% (1,372 residents)
- American Indian and Alaska Native: 0.2% (6 residents)
- Asian: 0% (0 residents)
- Native Hawaiian and Other Pacific Islander: 0% (0 residents)
- Two or More Races: 3.6% (119 residents)
- Other: 4.6% (155 residents)
What percentage of the population in Spencer are U.S.-born citizens?
How many housing units are there in Spencer?
How many households are in Spencer and what is the average household size?
What is the median household income in Spencer?
What is the employment rate and job market overview for Spencer?
Job types:
- White-collar workers: 54.3% (777 residents)
- Blue-collar workers: 45.7% (654 residents)
Places of employment:
- Self-employed: 9.1% (130 residents)
- Private companies: 68.3% (977 residents)
- Governmental workers: 18.5% (265 residents)
- Not-for-profit companies: 4.1% (59 residents)
Data source & methodology
The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.
The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.
No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.