Spencer is located in Aitkin County, Minnesota. Spencer has a 2025 population of 561 . Spencer is currently growing at a rate of 1.26% annually and its population has increased by 5.65% since the most recent census, which recorded a population of 531 in 2020.
The average household income in Spencer is $91,974 with a poverty rate of 12.17%. The median age in Spencer is 53 years: 54.8 years for males, and 50.9 years for females. For every 100 females there are 109.4 males.
Data after 2023 is projected based on recent change
The racial composition of Spencer includes 98.88% White, and smaller percentages for Two or more races, Native American and multiracial populations.
White (98.88%)
Two or more races (0.94%)
Native American (0.19%)
Race | Population | Percentage (of total) |
|---|---|---|
| White | 528 | 98.88% |
| Two or more races | 5 | 0.94% |
| Native American | 1 | 0.19% |
Married
Widowed
Divorced
Separated
Never Married
Spencer's average per capita income is $41,071. Household income levels show a median of $80,781. The poverty rate stands at 12.17%.
Name | Median | Mean |
|---|---|---|
| Married Families | $100,313 | - |
| Families | $88,438 | $103,192 |
| Households | $80,781 | $91,974 |
| Non Families | $65,357 | $52,786 |
Average Income
Median Household Income
Poverty Rate