Spicer, MN
Population 1,222 · Minnesota
About Spicer, MN
Spicer is a small town located in Minnesota with a population of 1,222 residents according to the latest US Census Bureau American Community Survey data. The median household income is $76,406 per year, which is 2% above the national median of $75,149. The median age of 44.5 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 Spicer features a median home value of $278,500, which is 14% above the national median of $244,900. This positions Spicer in a moderately priced market relative to the rest of the country. Median monthly rent is $825, 29% below the national average of $1,163/month. Of the 661 total housing units, 68% are owner-occupied (349 units) and 32% are renter-occupied (168 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Spicer shows an unemployment rate of 1.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Spicer have an average one-way commute time of 16.8 minutes, one of the shorter commutes in the region.
Education & Demographics
25.6% of Spicer residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 6.3% White, 0.7% Hispanic or Latino, 0.0% Black or African American, and 2.4% Asian residents, with 2.6% of the population being foreign-born.
Cost of Living in Spicer, MN
Compared to national averages, Spicer has a median household income of $76,406 (2% above the national median of $75,149). Home values average $278,500, which is 14% above the national median. Monthly rent at $825 is 29% below the US average of $1,163. Within Minnesota, Spicer's income is 3% above the state average of $74,221, and home values are 36% above the state median of $204,472.
Why Live in Spicer, MN?
Spicer offers a strong local economy with a median household income of $76,406, well above the national average, and rent that’s lower than the national average at $825/month, and a strong job market with an unemployment rate of just 1.9%. Additionally, the city features a low poverty rate of 8.9%, better than the national average, and short commute times averaging just 16.8 minutes.
Spicer has a population of 1,222 with a median age of 44.5 years. Compare Spicer with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Spicer
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Spring Grove | 1,223 | $60,221 | $148,200 | Compare |
| Truman | 1,223 | $59,095 | $100,200 | Compare |
| Bagley | 1,218 | $53,417 | $135,100 | Compare |
| Atwater | 1,217 | $66,071 | $144,300 | Compare |
| Keewatin | 1,229 | $50,872 | $78,900 | Compare |
| Taylors Falls | 1,208 | $61,548 | $256,000 | Compare |
| Edgerton | 1,207 | $66,739 | $132,800 | Compare |
| Martin Lake | 1,203 | $120,705 | $426,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Spicer With Other Cities
Frequently Asked Questions about Spicer
What is the population of Spicer, MN?
The population of Spicer, MN is 1,222 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Minnesota.
What is the median household income in Spicer?
The median household income in Spicer, MN is $76,406 per year, which is 2% above the national median of $75,149.
What is the median home value in Spicer?
The median home value in Spicer, MN is $278,500, which is 14% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Spicer?
The median monthly rent in Spicer, MN is $825, which is 29% below the national average of $1,163/month.
What is the unemployment rate in Spicer?
The unemployment rate in Spicer, MN is 1.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Spicer, MN a good place to live?
Spicer offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,222 and a median age of 44.5, the city appeals to a broad range of residents.
How educated is Spicer, MN?
25.6% of residents in Spicer 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 Spicer?
Key cost-of-living indicators for Spicer, MN: median home value is $278,500 (14% above national), median rent is $825/month, and median household income is $76,406. The home-value-to-income ratio is 3.6x, a moderate figure by national standards.
What is the poverty rate in Spicer?
The poverty rate in Spicer, MN is 8.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Spicer, MN?
Spicer's population is 6.3% White, 0.7% Hispanic or Latino, 0.0% Black or African American, 2.4% Asian, and 1.5% two or more races. 2.6% of residents are foreign-born.