Spencer, MA
Population 5,520 · Massachusetts
About Spencer, MA
Spencer is a small community in Massachusetts with a population of 5,520 residents. The median household income is $59,618 per year, which is near the national average. The median age in Spencer is 50.8 years.
Housing in Spencer has a median home value of $297,700 and median monthly rent of $1,052. Of the 3,153 total housing units, renting is more common than owning, with 1,096 owner-occupied and 1,585 renter-occupied units.
The unemployment rate in Spencer is 6.4% and the poverty rate is 11.4%. 15.7% of residents hold a bachelor's degree or higher. The average commute time is 35.2 minutes.
How Spencer Ranks in Massachusetts
Cost of Living in Spencer, MA
Compared to national averages, Spencer has a median household income of $59,618 (21% below the national median of $75,149). Home values average $297,700, which is 22% above the national median. Monthly rent at $1,052 is 10% below the US average of $1,163. Within Massachusetts, Spencer's income is 44% below the state average of $105,630, and home values are 47% below the state median of $561,296.
Why Live in Spencer, MA?
Spencer offers rent that’s lower than the national average at $1,052/month, and a low poverty rate of 11.4%, better than the national average.
Potential considerations include median household income ($59,618) 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 5,520 with a median age of 50.8 years. Compare Spencer with other cities to see how it stacks up, or explore all cities in Massachusetts.
Similar Cities Near Spencer
Cities in Massachusetts with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Oxford | 5,572 | $91,742 | $327,300 | Compare |
| Adams | 5,584 | $48,750 | $189,100 | Compare |
| Scituate | 5,602 | $126,379 | $699,200 | Compare |
| Bliss Corner | 5,666 | $73,919 | $430,700 | Compare |
| East Harwich | 5,670 | $108,157 | $585,400 | Compare |
| Hingham | 5,343 | $222,696 | $1,216,800 | Compare |
| Ware | 5,723 | $52,039 | $229,700 | Compare |
| Salisbury | 5,735 | $93,052 | $441,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Massachusetts
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, MA?
The population of Spencer, MA is 5,520 according to the latest Census data.
What is the median household income in Spencer?
The median household income in Spencer, MA is $59,618 per year.
What is the median home value in Spencer?
The median home value in Spencer, MA is $297,700.
What is the average rent in Spencer?
The median monthly rent in Spencer, MA is $1,052.
What is the unemployment rate in Spencer?
The unemployment rate in Spencer, MA is 6.4%.