Living in Spencer, Massachusetts
Cost of living, income, home prices, rent and demographics of Spencer · Census data 2020–2024
Spencer has 12,008 residents with a median age of 48.9. The median household income is $80,533 (23% lower than the Massachusetts median), the median home value is $382,000, the median rent is $1,078/month.
Spencer at a glance
- Population
- 12,008
- Median age
- 48.9State: 40
- Median household income
- $80,533State: $103,960
- Median home value
- $382,000State: $562,100
- Median rent
- $1,078/moState: $1,762
- Homeowners
- 63%
- Bachelor's degree or higher
- 29.1%
- Average commute
- 34 min
Is Spencer a good place to live?
Pros: Home values 32% lower than the state median.
Cons: Median household income 23% lower than the Massachusetts median; an average commute of 34 minutes; unemployment of 7.1%; a poverty rate of 11%.
The weather is best in June to September.
Cost of living in Spencer
Housing is the biggest part of the cost of living. In Spencer the median home value is $382,000, 15% higher than the U.S. median. Renters pay a median of $1,078 per month, which is 30.3% of household income. Homeowners with a mortgage pay $2,158 a month in housing costs.
Spencer median household income
The median household income in Spencer is $80,533 and the income per person is $45,204. 11% of residents live below the poverty line (Massachusetts: 10%).
Housing in Spencer: homes for sale and rent
- Housing units
- 5,695
- Owner-occupied
- 63%
- Renter-occupied
- 37%
- Vacant
- 8.7%Includes seasonal homes
- Median year built
- 1968
- Average household size
- 2.29
Spencer demographics
- Population
- 12,008
- Median age
- 48.9
- Under 18
- 16.4%
- 65 and older
- 26%
- Households
- 5,201
- Foreign-born
- 3.6%
- Veterans
- 5%Adults 18+
Hispanic or Latino can be of any race. Population history of Spencer ›
Education in Spencer
29.1% of adults 25 and older in Spencer have a bachelor's degree or higher (Massachusetts: 47.3%), and 11% have a graduate or professional degree.
Jobs and commute in Spencer
- Unemployment rate
- 7.1%State: 5.2%
- Average commute
- 34 minState: 29 min
- Work from home
- 15%
- Drive alone
- 76.1%
- Public transit
- 0.4%
- Walk to work
- 0.4%
- Homes with broadband
- 91%
Spencer vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Spencer | 12,008 | $80,533 | $382,000 | $1,078 |
| East Brookfield | 2,166 | $81,042 | $381,200 | $1,142 |
| North Brookfield | 4,760 | $79,285 | $359,100 | $981 |
| Leicester | 11,113 | $105,173 | $413,100 | $1,487 |
| Paxton | 5,002 | $134,083 | $472,300 | $1,386 |
| Brookfield | 3,460 | $81,250 | $341,900 | $1,014 |
| Oakham | 1,639 | $102,000 | $420,100 | $1,174 |
| Charlton | 13,435 | $117,587 | $427,500 | $1,381 |
| Auburn | 16,970 | $116,711 | $400,000 | $1,467 |
More for people moving to Spencer
Spencer ZIP code ›Weather and climate ›Living in Spencer: FAQ
What is the median household income in Spencer, MA?
The median household income in Spencer is $80,533, 23% lower than the Massachusetts median of $103,960 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Spencer?
The median home value in Spencer is $382,000, compared with $562,100 in Massachusetts.
How much is rent in Spencer?
The median gross rent in Spencer is $1,078 per month, about 30.3% of household income.
Is Spencer, MA a good place to live?
Pluses: home values 32% lower than the state median. Minuses: median household income 23% lower than the Massachusetts median; an average commute of 34 minutes; unemployment of 7.1%; a poverty rate of 11%.
What is the median age in Spencer?
The median age in Spencer is 48.9 years (Massachusetts: 40).
How long is the commute in Spencer?
The average commute to work in Spencer is 34 minutes; 15% of workers work from home.
What is the unemployment rate in Spencer?
The unemployment rate in Spencer is 7.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Spencer?
29.1% of adults in Spencer have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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