Living in Spencer, Oklahoma
Cost of living, income, home prices, rent and demographics of Spencer · Census data 2020–2024
Spencer has 3,928 residents with a median age of 44.2. The median household income is $59,861 (8% lower than the Oklahoma median), the median home value is $157,000.
Spencer at a glance
- Population
- 3,928
- Median age
- 44.2State: 37
- Median household income
- $59,861State: $65,039
- Median home value
- $157,000State: $199,800
- Homeowners
- 63.3%
- Bachelor's degree or higher
- 26%
- Average commute
- 26 min
Is Spencer a good place to live?
Pros: Home values 21% lower than the state median; a poverty rate of 15.1%.
Cons: Median household income 8% lower than the Oklahoma median; an average commute of 26 minutes; unemployment of 8.7%.
The weather is best in April–May and September–October.
Cost of living in Spencer
Housing is the biggest part of the cost of living. In Spencer the median home value is $157,000, 53% lower than the U.S. median. Renters pay a median of — per month, which is 20.9% of household income. Homeowners with a mortgage pay $1,247 a month in housing costs.
Spencer median household income
The median household income in Spencer is $59,861 and the income per person is $29,379. 15.1% of residents live below the poverty line (Oklahoma: 15.3%).
Housing in Spencer: homes for sale and rent
- Housing units
- 1,895
- Owner-occupied
- 63.3%
- Renter-occupied
- 36.7%
- Vacant
- 9.4%Includes seasonal homes
- Median year built
- 1969
- Average household size
- 2.27
Spencer demographics
- Population
- 3,928
- Median age
- 44.2
- Under 18
- 26.5%
- 65 and older
- 23.7%
- Households
- 1,716
- Foreign-born
- 6.7%
- Veterans
- 6.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Spencer ›
Education in Spencer
26% of adults 25 and older in Spencer have a bachelor's degree or higher (Oklahoma: 28.3%), and 9.5% have a graduate or professional degree.
Jobs and commute in Spencer
- Unemployment rate
- 8.7%State: 5%
- Average commute
- 26 minState: 22 min
- Work from home
- 16.1%
- Drive alone
- 74.4%
- Public transit
- 0%
- Walk to work
- 1.2%
- Homes with broadband
- 77.3%
Spencer vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Spencer | 3,928 | $59,861 | $157,000 | — |
| Nicoma Park | 2,566 | $62,447 | $162,100 | $1,012 |
| Midwest City | 58,297 | $57,520 | $164,500 | $1,091 |
| Forest Park | 949 | $103,929 | $289,000 | — |
| Lake Aluma | 105 | $250,001 | $1,163,500 | — |
| Del City | 21,494 | $46,925 | $126,800 | $1,054 |
| Choctaw | 12,303 | $100,574 | $242,100 | $1,208 |
| Jones | 3,053 | $77,371 | $219,300 | $1,104 |
| Oklahoma City | 697,125 | $68,656 | $231,300 | $1,130 |
More for people moving to Spencer
Spencer ZIP code ›Weather and climate ›Living in Spencer: FAQ
What is the median household income in Spencer, OK?
The median household income in Spencer is $59,861, 8% lower than the Oklahoma median of $65,039 (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 $157,000, compared with $199,800 in Oklahoma.
Is Spencer, OK a good place to live?
Pluses: home values 21% lower than the state median; a poverty rate of 15.1%. Minuses: median household income 8% lower than the Oklahoma median; an average commute of 26 minutes; unemployment of 8.7%.
What is the median age in Spencer?
The median age in Spencer is 44.2 years (Oklahoma: 37).
How long is the commute in Spencer?
The average commute to work in Spencer is 26 minutes; 16.1% of workers work from home.
What is the unemployment rate in Spencer?
The unemployment rate in Spencer is 8.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Spencer?
26% 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: