Spencer, NY
Population 848 · New York
About Spencer, NY
Spencer is a small community in New York with a population of 848 residents. The median household income is $50,682 per year, which is near the national average. The median age in Spencer is 34.5 years.
Housing in Spencer has a median home value of $139,200 and median monthly rent of $1,034. Of the 358 total housing units, the majority are owner-occupied, with 213 owner-occupied and 127 renter-occupied units.
The unemployment rate in Spencer is 5.6% and the poverty rate is 31.7%. 25.2% of residents hold a bachelor's degree or higher. The average commute time is 25.9 minutes.
Cost of Living in Spencer, NY
Compared to national averages, Spencer has a median household income of $50,682 (33% below the national median of $75,149). Home values average $139,200, which is 43% below the national median. Monthly rent at $1,034 is 11% below the US average of $1,163. Within New York, Spencer's income is 48% below the state average of $96,987, and home values are 64% below the state median of $387,181.
Why Live in Spencer, NY?
Spencer offers affordable housing with a median home value of $139,200, below the US average of $244,900, and rent that’s lower than the national average at $1,034/month.
Potential considerations include median household income ($50,682) 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 848 with a median age of 34.5 years. Compare Spencer with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Spencer
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hannawa Falls | 847 | $95,893 | $181,800 | Compare |
| Castile | 844 | $58,625 | $127,400 | Compare |
| Quiogue | 853 | $78,661 | $1,071,400 | Compare |
| Millwood | 854 | $209,063 | $769,800 | Compare |
| Nassau Lake | 841 | $0 | $271,500 | Compare |
| Napanoch | 837 | $82,750 | $172,300 | Compare |
| Copake Lake | 860 | $118,632 | $546,100 | Compare |
| Dexter | 828 | $49,826 | $152,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
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, NY?
The population of Spencer, NY is 848 according to the latest Census data.
What is the median household income in Spencer?
The median household income in Spencer, NY is $50,682 per year.
What is the median home value in Spencer?
The median home value in Spencer, NY is $139,200.
What is the average rent in Spencer?
The median monthly rent in Spencer, NY is $1,034.
What is the unemployment rate in Spencer?
The unemployment rate in Spencer, NY is 5.6%.