Spencer, ID
Population 28 · Idaho
About Spencer, ID
Spencer is a small community located in Idaho with a population of 28 residents according to the latest US Census Bureau American Community Survey data. The median household income is $70,972 per year, which is 6% below the national median of $75,149. The median age of 66.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Spencer features a median home value of $112,500, which is 54% below the national median of $244,900. This makes Spencer one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 44 total housing units, 89% are owner-occupied (17 units) and 11% are renter-occupied (2 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Spencer shows an unemployment rate of 13.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 14.3%, above the national average of 12.4%. Workers in Spencer have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
0.0% of Spencer residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 32.1% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 32.1% of the population being foreign-born.
How Spencer Ranks in Idaho
Cost of Living in Spencer, ID
Compared to national averages, Spencer has a median household income of $70,972 (6% below the national median of $75,149). Home values average $112,500, which is 54% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Idaho, Spencer's income is 9% above the state average of $65,190, and home values are 59% below the state median of $274,721.
Why Live in Spencer, ID?
Spencer offers affordable housing with a median home value of $112,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($70,972) that falls below the national average. However, Spencer’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Spencer has a population of 28 with a median age of 66.5 years. Compare Spencer with other cities to see how it stacks up, or explore all cities in Idaho.
Similar Cities Near Spencer
Cities in Idaho with a similar population size.
Demographics
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Economy & Education
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Other Cities in Idaho
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Spencer
What is the population of Spencer, ID?
The population of Spencer, ID is 28 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Idaho.
What is the median household income in Spencer?
The median household income in Spencer, ID is $70,972 per year, which is 6% below the national median of $75,149.
What is the median home value in Spencer?
The median home value in Spencer, ID is $112,500, which is 54% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Spencer?
The median monthly rent in Spencer, ID is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Spencer?
The unemployment rate in Spencer, ID is 13.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Spencer, ID a good place to live?
Spencer offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 28 and a median age of 66.5, the city appeals to established professionals and retirees.
How educated is Spencer, ID?
0.0% of residents in Spencer aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Spencer?
Key cost-of-living indicators for Spencer, ID: median home value is $112,500 (54% below national), median rent is $0/month, and median household income is $70,972. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Spencer?
The poverty rate in Spencer, ID is 14.3%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Spencer, ID?
Spencer's population is 32.1% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 32.1% of residents are foreign-born.