Spencer, NC
Population 3,305 · North Carolina
About Spencer, NC
Spencer is a small community in North Carolina with a population of 3,305 residents. The median household income is $64,031 per year, which is near the national average. The median age in Spencer is 45.7 years.
Housing in Spencer has a median home value of $149,800 and median monthly rent of $1,042. Of the 1,541 total housing units, the majority are owner-occupied, with 869 owner-occupied and 482 renter-occupied units.
The unemployment rate in Spencer is 4.9% and the poverty rate is 13.1%. 21.4% of residents hold a bachelor's degree or higher. The average commute time is 30.3 minutes.
Cost of Living in Spencer, NC
Compared to national averages, Spencer has a median household income of $64,031 (15% below the national median of $75,149). Home values average $149,800, which is 39% below the national median. Monthly rent at $1,042 is 10% below the US average of $1,163. Within North Carolina, Spencer's income is 1% below the state average of $64,468, and home values are 35% below the state median of $228,922.
Why Live in Spencer, NC?
Spencer offers affordable housing with a median home value of $149,800, below the US average of $244,900, and rent that’s lower than the national average at $1,042/month.
Potential considerations include median household income ($64,031) 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 3,305 with a median age of 45.7 years. Compare Spencer with other cities to see how it stacks up, or explore all cities in North Carolina.
Similar Cities Near Spencer
Cities in North Carolina with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Elizabethtown | 3,294 | $32,577 | $153,400 | Compare |
| Plymouth | 3,264 | $30,462 | $83,900 | Compare |
| Burgaw | 3,249 | $65,514 | $207,400 | Compare |
| Lake Park | 3,365 | $76,366 | $296,400 | Compare |
| Mineral Springs | 3,244 | $88,203 | $353,500 | Compare |
| Red Oak | 3,372 | $81,464 | $236,200 | Compare |
| Enochville | 3,392 | $65,328 | $225,200 | Compare |
| Windsor | 3,417 | $38,631 | $111,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in North Carolina
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, NC?
The population of Spencer, NC is 3,305 according to the latest Census data.
What is the median household income in Spencer?
The median household income in Spencer, NC is $64,031 per year.
What is the median home value in Spencer?
The median home value in Spencer, NC is $149,800.
What is the average rent in Spencer?
The median monthly rent in Spencer, NC is $1,042.
What is the unemployment rate in Spencer?
The unemployment rate in Spencer, NC is 4.9%.