Living in Spencer, New York
Cost of living, income, home prices, rent and demographics of Spencer · Census data 2020–2024
Spencer has 932 residents with a median age of 34.4. The median household income is $51,765 (40% lower than the New York median), the median home value is $154,300, the median rent is $1,046/month.
Spencer is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Spencer at a glance
- Population
- 932
- Median age
- 34.4State: 39.8
- Median household income
- $51,765State: $85,974
- Median home value
- $154,300State: $423,800
- Median rent
- $1,046/moState: $1,621
- Homeowners
- 62.6%
- Bachelor's degree or higher
- 28.3%
- Average commute
- 25 min
Is Spencer a good place to live?
Pros: Home values 64% lower than the state median; an average commute of 25 minutes; unemployment of 6.2%.
Cons: Median household income 40% lower than the New York median; a poverty rate of 31%.
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 $154,300, 54% lower than the U.S. median. Renters pay a median of $1,046 per month, which is 43.6% of household income. Homeowners with a mortgage pay $1,384 a month in housing costs.
Spencer median household income
The median household income in Spencer is $51,765 and the income per person is $27,746. 31% of residents live below the poverty line (New York: 14%).
Housing in Spencer: homes for sale and rent
- Housing units
- 401
- Owner-occupied
- 62.6%
- Renter-occupied
- 37.4%
- Vacant
- 9.2%Includes seasonal homes
- Median year built
- 1952
- Average household size
- 2.56
Spencer demographics
- Population
- 932
- Median age
- 34.4
- Under 18
- 28.8%
- 65 and older
- 14.8%
- Households
- 364
- Foreign-born
- 2.3%
- Veterans
- 6.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Spencer ›
Education in Spencer
28.3% of adults 25 and older in Spencer have a bachelor's degree or higher (New York: 40.2%), and 7.2% have a graduate or professional degree.
Jobs and commute in Spencer
- Unemployment rate
- 6.2%State: 6.4%
- Average commute
- 25 minState: 33 min
- Work from home
- 10%
- Drive alone
- 78.7%
- Public transit
- 0%
- Walk to work
- 1.7%
- Homes with broadband
- 87.6%
Spencer vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Spencer | 932 | $51,765 | $154,300 | $1,046 |
| Van Etten | 587 | $60,200 | $127,500 | $1,023 |
| Candor | 984 | $47,417 | $119,400 | $871 |
| Erin | 473 | $42,313 | $45,700 | $742 |
| Danby | 540 | $145,781 | $325,800 | — |
| Newfield | 999 | $96,875 | $151,500 | — |
| Breesport | 628 | $85,294 | $162,200 | — |
| South Hill | 6,951 | $104,211 | $353,800 | $1,991 |
| Owego | 3,912 | $60,139 | $147,300 | $901 |
More for people moving to Spencer
Spencer ZIP code ›Weather and climate ›Living in Spencer: FAQ
What is the median household income in Spencer, NY?
The median household income in Spencer is $51,765, 40% lower than the New York median of $85,974 (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 $154,300, compared with $423,800 in New York.
How much is rent in Spencer?
The median gross rent in Spencer is $1,046 per month, about 43.6% of household income.
Is Spencer, NY a good place to live?
Pluses: home values 64% lower than the state median; an average commute of 25 minutes; unemployment of 6.2%. Minuses: median household income 40% lower than the New York median; a poverty rate of 31%.
What is the median age in Spencer?
The median age in Spencer is 34.4 years (New York: 39.8).
How long is the commute in Spencer?
The average commute to work in Spencer is 25 minutes; 10% of workers work from home.
What is the unemployment rate in Spencer?
The unemployment rate in Spencer is 6.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Spencer?
28.3% 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.
Last updated: