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The total population of Spencer town is estimated to be 11,955 with 6,362 males (53.22%) and 5,593 females (46.78%). There are 769 less females than males in Spencer town.
The median household income in Spencer town was $74,106 in 2021, which marked an a decrease of 5,514(6.93%) from $79,620 in 2020. This income is 99.33% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Spencer town sees its highest median household income among householders in the age group of 45 to 64 years old, at $99,097. Overall, the median household income for the town of Spencer town stands at $74,106.
In Spencer town, the median income for all workers aged 15 years and older, regardless of work hours, was $43,675 for males and $32,480 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $68,803 for males and $61,841 for females.
In Spencer town, there are just two different racial groups among households. Among these, Two or More Races households report a median household income of $203,157, while White households have a median household income of $74,742.
In 2022, the population of Spencer town was 11,911, a 0.41% decrease year-by-year from 2021. Previously, in 2021, Spencer town's population was 11,960, a decline of 0.00% compared to a population of 11,960 in 2020.
The median age in Spencer, Massachusetts is 47.9, as per 2021 ACS 5-Year Estimates. Of the total population, 15.18% were under the age of 15, 12.21% aged 15 to 29, 48.83% aged 30 to 64, 21.59% aged 65 to 84, and 2.19% were 85 years of age and older.
Racial distribution of Spencer town population: 93.27% are White, 1.43% are Black or African American, 0.68% are Asian, 1.30% are some other race and 3.33% are multiracial.