Spencer, IA Profile: Facts & Data

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Spencer, Iowa - Basic Facts

The City of Spencer had a population of 11,319 as of July 1, 2019. Spencer ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Iowa. See peer rankings below.

The primary coordinate point for Spencer is located at latitude 43.1414 and longitude -95.1444 in Clay County. The formal boundaries for the City of Spencer encompass a land area of 10.83 sq. miles and a water area of 0.16 sq. miles. Clay County is in the Central time zone (GMT -6). The elevation is 1,319 feet.

The City of Spencer (GNIS ID: 468732) has a C2 Census Class Code which indicates an active incorporated place legally coextensive with a county subdivision but treated as independent of any county subdivision. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Spencer is located within , a minor civil division (MCD) of Clay County.


Jump to... (On This Page!)
  1. Spencer 2019 Demographic Data
  2. Growth Rates for Spencer (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Iowa Research Tools (Easy Tools & Current Data)
  3. Iowa Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Spencer, IA Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Spencer, IA Housing Affordability Index is 164
State of Iowa Housing Affordability Index is 164
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Spencer, IA Wealth Index is 56
State of Iowa Wealth Index is 86
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

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  1. For information about schools and school attendance zones, use the HTL Address Tool
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  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Iowa COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 11,319 (100%)
Population in Households 11,094 (98.0%)
Population in Families 8,429 (74.5%)
Population in Group Quarters1 225 ( 2.0%)
Population Density 1,036
Diversity Index2 20
 

INCOME

Median Household Income $47,209
Average Household Income $61,460
Per Capita Income $27,356
Wealth Index4 56

HOUSING

Total Housing Units 5,582 (100%)
Owner Occupied HU 3,298 (59.1%)
Renter Occupied HU 1,750 (31.4%)
Vacant Housing Units 534 ( 9.6%)
Median Home Value $131,629
Housing Affordability Index3 164
 

HOUSEHOLDS

Total Households 5,048
Average Household Size 2.2
Family Households 2,992
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.08% -0.07%
Households 0.06% -0.09%
Families -0.06% -0.19%
Median Household Income   1.79%
Per Capita Income   2.02%

Spencer, IA - Peer Comparisons by Rank and Percentile

The table below compares Spencer to the other 1,008 incorporated cities, towns and CDPs in Iowa by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 34 97th
Population Density # 278 73rd
Diversity Index # 181 82nd
Median Household Income # 897 11th
Per Capita Income # 703 30th

Additional comparisons and rankings can be made with a VERY EASY TO USE Iowa Census Data Comparison Tool.

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