Spencer, WI
Population 1,621 · Wisconsin
About Spencer, WI
Spencer is a small community in Wisconsin with a population of 1,621 residents. The median household income is $74,245 per year, which is above the national average. The median age in Spencer is 37.5 years.
Housing in Spencer has a median home value of $143,000 and median monthly rent of $550. Of the 726 total housing units, the majority are owner-occupied, with 536 owner-occupied and 185 renter-occupied units.
The unemployment rate in Spencer is 0.0% and the poverty rate is 2.2%. 14.9% of residents hold a bachelor's degree or higher. The average commute time is 18.9 minutes.
How Spencer Ranks in Wisconsin
Cost of Living in Spencer, WI
Compared to national averages, Spencer has a median household income of $74,245 (1% below the national median of $75,149). Home values average $143,000, which is 42% below the national median. Monthly rent at $550 is 53% below the US average of $1,163. Within Wisconsin, Spencer's income is 2% above the state average of $72,579, and home values are 31% below the state median of $205,802.
Why Live in Spencer, WI?
Spencer offers affordable housing with a median home value of $143,000, below the US average of $244,900, and rent that’s lower than the national average at $550/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 2.2%, better than the national average, and short commute times averaging just 18.9 minutes.
Potential considerations include median household income ($74,245) 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 1,621 with a median age of 37.5 years. Compare Spencer with other cities to see how it stacks up, or explore all cities in Wisconsin.
Similar Cities Near Spencer
Cities in Wisconsin with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lac du Flambeau | 1,619 | $34,844 | $87,500 | Compare |
| Wind Point | 1,632 | $134,375 | $295,000 | Compare |
| Fontana-on-Geneva Lake | 1,633 | $104,583 | $555,800 | Compare |
| River Hills | 1,639 | $198,750 | $670,200 | Compare |
| Whitehall | 1,651 | $59,321 | $136,900 | Compare |
| Cleveland | 1,655 | $75,000 | $192,500 | Compare |
| Randolph | 1,574 | $60,813 | $155,900 | Compare |
| Orfordville | 1,567 | $77,500 | $176,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Wisconsin
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, WI?
The population of Spencer, WI is 1,621 according to the latest Census data.
What is the median household income in Spencer?
The median household income in Spencer, WI is $74,245 per year.
What is the median home value in Spencer?
The median home value in Spencer, WI is $143,000.
What is the average rent in Spencer?
The median monthly rent in Spencer, WI is $550.
What is the unemployment rate in Spencer?
The unemployment rate in Spencer, WI is 0.0%.