Spencerville, IN
Population 322 · Indiana
About Spencerville, IN
Spencerville is a small community in Indiana with a population of 322 residents. The median household income is $43,542 per year, which is below the national average. The median age in Spencerville is 50.2 years.
Housing in Spencerville has a median home value of $141,700 and median monthly rent of $0. Of the 122 total housing units, the majority are owner-occupied, with 112 owner-occupied and 10 renter-occupied units.
The unemployment rate in Spencerville is 15.0% and the poverty rate is 0.0%. 23.4% of residents hold a bachelor's degree or higher. The average commute time is 19.2 minutes.
Cost of Living in Spencerville, IN
Compared to national averages, Spencerville has a median household income of $43,542 (42% below the national median of $75,149). Home values average $141,700, which is 42% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Spencerville's income is 37% below the state average of $69,330, and home values are 13% below the state median of $163,409.
Why Live in Spencerville, IN?
Spencerville offers affordable housing with a median home value of $141,700, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a low poverty rate of 0.0%, better than the national average. Additionally, the city features short commute times averaging just 19.2 minutes.
Potential considerations include median household income ($43,542) that falls below the national average. However, Spencerville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Spencerville has a population of 322 with a median age of 50.2 years. Compare Spencerville with other cities to see how it stacks up, or explore all cities in Indiana.
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Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Spencerville
What is the population of Spencerville, IN?
The population of Spencerville, IN is 322 according to the latest Census data.
What is the median household income in Spencerville?
The median household income in Spencerville, IN is $43,542 per year.
What is the median home value in Spencerville?
The median home value in Spencerville, IN is $141,700.
What is the average rent in Spencerville?
The median monthly rent in Spencerville, IN is $0.
What is the unemployment rate in Spencerville?
The unemployment rate in Spencerville, IN is 15.0%.