Everything You Should Know Before Moving to Spencer, IN
Considering Spencer, IN for your next move? This small town of 2,250 offers affordable living, with median home prices around $143,000 and average rents at $780. Residents enjoy a short average commute of 21 minutes, low violent crime rates, and access to scenic Indiana countryside. With solid public schools, a welcoming community, and all four seasons, Spencer is a laid-back place to settle down while staying within reach of Bloomington’s amenities and major healthcare providers.
Demographics - Spencer, IN
Demographics - Spencer, IN
Spencer, Indiana is a close-knit community of about 2,250 residents, with a predominantly White population and a median age of 40.7. The town maintains a balanced gender ratio and has a small percentage of non-English speakers, creating a friendly and familiar environment for newcomers.
Population:
2,250
Density:
1,190 per sq mi
Median Age:
40.7
Gender Ratio:
96 males per 100 females
Non-English Speakers Percentage:
3.5%
Ethnic Composition
White:
96.4%
Black:
0.5%
Asian:
0.7%
Others:
2.4%
Cost Of Living
What is the average cost of living in Spencer, IN?
Spencer offers an affordable cost of living, with a median home value of $143,000 and average rents at $780, making it budget-friendly for families and individuals. Overall living costs are well below the national average, especially for housing and transportation, while utilities are slightly higher.
Median House Value:
$143,000
Gross Rent:
$780
Monthly Electricity Charges:
$130
Auto Insurance:
$1,180
House Owner Cost With Mortgage:
$1,150
House Owner Cost Without Mortgage:
$420
State Taxes:
Low:
3.23%
|
High:
6.73%
Cost Of Living Index:
83.5
Grocery:
92.5
Housing:
62.1
Utilities:
103.0
Transportation:
89.4
Health Care:
95.5
Miscellaneous:
87.5
Crime
Is Spencer, IN a safe place to live?
Spencer experiences low crime rates compared to many areas, with just 180 violent crimes and 1,740 property crimes per 100,000 residents. The chance of experiencing a violent crime is 1 in 555, offering peace of mind for those seeking a safe community.
Violent Crimes Per 100k:
180
Property Crimes Per 100k:
1,740
Crime Index:
1,920
Chance Of Violent Crime:
1 in 555
Chance Of Property Crime:
1 in 57
Weather
What is the weather like in Spencer, IN year-round?
Residents of Spencer enjoy all four seasons, with warm summers reaching up to 85°F and cool winters dropping to 20°F. The area receives about 45.6 inches of rainfall annually and sees sunshine 54% of the year, making for pleasant outdoor living.
Winter
Min:
20°F
Max:
39°F
Spring
Min:
42°F
Max:
68°F
Summer
Min:
62°F
Max:
85°F
Fall
Min:
45°F
Max:
70°F
Average Rainfall Inches:
45.6 inches
Sunny Days Percentage:
54%
Neighbors
Spencer’s residents have a median household income of $48,900 and a family income of $64,500, with a poverty rate of 17.7%. Most neighbors have completed high school, and commutes average just over 21 minutes, contributing to a relaxed small-town lifestyle.
Median Income:
$31,800
Household Income:
$48,900
Family Income:
$64,500
Per Capita Income:
$24,900
Income Male:
$39,500
Income Female:
$29,500
Poverty Rate:
17.7%
Non English Speakers:
3.5%
Rent:
$780
Unemployment Rate:
4.7%
Public Transport Usage:
0.2%
Commute Time:
21.4 minutes
Education
High School or Higher:
88.2%
Bachelors or More:
16.4%
Education
How are the schools in Spencer, IN?
Families in Spencer benefit from solid public schools, such as Spencer Elementary and Owen Valley Middle, with favorable student-teacher ratios. Higher education opportunities are close by, including Indiana University Bloomington just 17 miles away.
Public Schools
Name:
Spencer Elementary School
Street:
151 E Hillside Ave
Phone:
812-829-2253
Students:
410
Student Teacher Ratio:
14.3
Name:
Owen Valley Middle School
Street:
626 W State Hwy 46
Phone:
812-829-2249
Students:
500
Student Teacher Ratio:
16.1
Colleges
Name:
Indiana University Bloomington
City:
Bloomington
State:
IN
Distance:
17 miles
Students:
45,000
Healthcare
The town benefits from reliable healthcare services, including nearby IU Health Morgan hospital offering emergency and surgical care. With 1.7 physicians per 1,000 residents and over 90% health insurance coverage, residents have good access to medical support.
Major Hospitals
Name:
IU Health Morgan
Address:
2209 John R Wooden Dr, Martinsville, IN 46151
Phone:
(765) 349-6500
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.7
Health Insurance Coverage:
90.4%
Health Care Index:
71.2
Housing Market
What is the housing market like in Spencer, IN?
Spencer's housing market is accessible, with a median home price of $143,000 and strong owner-occupancy at nearly 64%. Home appreciation is steady at 6.2% annually, and rental options remain available with a moderate vacancy rate.
Median Home Price:
$143,000
Average Rent For 2 Bedroom:
$780
Owner Occupied Rate:
63.8%
Rental Vacancy Rate:
7.5%
Home Appreciation Rate (1yr):
6.2%
New Construction Rate:
0.9%
Foreclosure Rate:
0.3%
DMV Information
Local residents are served by the Indiana Bureau of Motor Vehicles branch right in Spencer, providing convenient access to licensing and registration services. The office is centrally located on North Washington Street for easy access.
State:
Indiana
Department:
Indiana Bureau of Motor Vehicles
Address:
29 N Washington St, Spencer, IN 47460
Phone:
888-692-6841
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.