Spencer, NE
Population 298 · Nebraska
About Spencer, NE
Spencer is a small community in Nebraska with a population of 298 residents. The median household income is $55,469 per year, which is near the national average. The median age in Spencer is 59.3 years.
Housing in Spencer has a median home value of $85,800 and median monthly rent of $683. Of the 236 total housing units, the majority are owner-occupied, with 117 owner-occupied and 56 renter-occupied units.
The unemployment rate in Spencer is 0.6% and the poverty rate is 11.1%. 8.4% of residents hold a bachelor's degree or higher. The average commute time is 19.4 minutes.
How Spencer Ranks in Nebraska
Cost of Living in Spencer, NE
Compared to national averages, Spencer has a median household income of $55,469 (26% below the national median of $75,149). Home values average $85,800, which is 65% below the national median. Monthly rent at $683 is 41% below the US average of $1,163. Within Nebraska, Spencer's income is 16% below the state average of $65,895, and home values are 32% below the state median of $125,824.
Why Live in Spencer, NE?
Spencer offers affordable housing with a median home value of $85,800, below the US average of $244,900, and rent that’s lower than the national average at $683/month, and a strong job market with an unemployment rate of just 0.6%. Additionally, the city features a low poverty rate of 11.1%, better than the national average, and short commute times averaging just 19.4 minutes.
Potential considerations include median household income ($55,469) 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 298 with a median age of 59.3 years. Compare Spencer with other cities to see how it stacks up, or explore all cities in Nebraska.
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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, NE?
The population of Spencer, NE is 298 according to the latest Census data.
What is the median household income in Spencer?
The median household income in Spencer, NE is $55,469 per year.
What is the median home value in Spencer?
The median home value in Spencer, NE is $85,800.
What is the average rent in Spencer?
The median monthly rent in Spencer, NE is $683.
What is the unemployment rate in Spencer?
The unemployment rate in Spencer, NE is 0.6%.