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US City Data

Spencer, OH

Population 603 · Ohio

Population
603
Median Income
$55,250
Median Home Value
$154,400
Median Rent
$832/mo

About Spencer, OH

Spencer is a small community located in Ohio with a population of 603 residents according to the latest US Census Bureau American Community Survey data. The median household income is $55,250 per year, which is 26% below the national median of $75,149. The median age of 35.9 years is close to the US median age of 38.9 years.

Housing Market Overview

The housing market in Spencer features a median home value of $154,400, which is 37% below the national median of $244,900. This positions Spencer in a moderately priced market relative to the rest of the country. Median monthly rent is $832, 28% below the national average of $1,163/month. Of the 259 total housing units, 78% are owner-occupied (199 units) and 22% are renter-occupied (55 units). The high homeownership rate suggests a stable, established residential community.

Economy & Employment

The local economy in Spencer shows an unemployment rate of 2.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 10.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Spencer have an average one-way commute time of 31.6 minutes.

Education & Demographics

10.8% of Spencer residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.7% White, 0.8% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.2% of the population being foreign-born.

Cost of Living in Spencer, OH

Compared to national averages, Spencer has a median household income of $55,250 (26% below the national median of $75,149). Home values average $154,400, which is 37% below the national median. Monthly rent at $832 is 28% below the US average of $1,163. Within Ohio, Spencer's income is 23% below the state average of $71,814, and home values are 11% below the state median of $174,449.

Income vs National
$55,250
National: $75,149
Ohio: $71,814
Home Value vs National
$154,400
National: $244,900
Ohio: $174,449
Rent vs National
$832
National: $1,163
Ohio: $947
Unemployment vs National
2.9%
National: 3.7%
Ohio: 5.9%

Why Live in Spencer, OH?

Spencer offers affordable housing with a median home value of $154,400, below the US average of $244,900, and rent that’s lower than the national average at $832/month, and a strong job market with an unemployment rate of just 2.9%. Additionally, the city features a low poverty rate of 10.3%, better than the national average.

Potential considerations include median household income ($55,250) 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 603 with a median age of 35.9 years. Compare Spencer with other cities to see how it stacks up, or explore all cities in Ohio.

Similar Cities Near Spencer

Cities in Ohio with a similar population size.

CityPopulationMedian IncomeHome Value
Kingsville603$47,813$156,700Compare
Mount Victory601$52,321$126,000Compare
Peninsula601$125,417$421,300Compare
Cairo600$79,643$107,900Compare
Mendon600$59,583$100,400Compare
Richmond Dale600$0$88,700Compare
Ai598$83,733$9,999Compare
Barnhill598$62,212$106,800Compare

Demographics

35.9
Median Age
298
Male
305
Female
0.2%
Foreign Born

Racial & Ethnic Composition

White0.7Hispanic/Latino0.8Black0Asian0Two or More2.2

Economy & Education

2.9%
Unemployment Rate
10.3%
Poverty Rate
10.8%
Bachelor's Degree+
31.6 min
Avg Commute

Housing

259
Total Housing Units
199
Owner Occupied
55
Renter Occupied

Other Cities in Ohio

New Haven Cdp Hamilton County OhioNew Haven Cdp Huron County OhioNewport Cdp Shelby County OhioNewport Cdp Washington County OhioOakwood Village Cuyahoga County OhioOakwood Village Paulding County Ohio

Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.

Compare Spencer With Other Cities

Spencer vs New Haven Cdp Hamilton County OhioSpencer vs New Haven Cdp Huron County OhioSpencer vs Newport Cdp Shelby County OhioSpencer vs Newport Cdp Washington County Ohio

Frequently Asked Questions about Spencer

What is the population of Spencer, OH?

The population of Spencer, OH is 603 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Ohio.

What is the median household income in Spencer?

The median household income in Spencer, OH is $55,250 per year, which is 26% below the national median of $75,149.

What is the median home value in Spencer?

The median home value in Spencer, OH is $154,400, which is 37% below the national median of $244,900. The majority of housing units are owner-occupied.

What is the average rent in Spencer?

The median monthly rent in Spencer, OH is $832, which is 28% below the national average of $1,163/month.

What is the unemployment rate in Spencer?

The unemployment rate in Spencer, OH is 2.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.

Is Spencer, OH a good place to live?

Spencer offers a moderate cost of living, affordable housing, and a strong job market. With a population of 603 and a median age of 35.9, the city appeals to a broad range of residents.

How educated is Spencer, OH?

10.8% of residents in Spencer 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 Spencer?

Key cost-of-living indicators for Spencer, OH: median home value is $154,400 (37% below national), median rent is $832/month, and median household income is $55,250. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.

What is the poverty rate in Spencer?

The poverty rate in Spencer, OH is 10.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.

How diverse is Spencer, OH?

Spencer's population is 0.7% White, 0.8% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 2.2% two or more races. 0.2% of residents are foreign-born.

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