Spencer, WI Profile: Facts & Data

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Spencer, Wisconsin - Basic Facts

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The Village of Spencer had a population of 1,921 as of July 1, 2021.

The primary coordinate point for Spencer is located at latitude 44.7577 and longitude -90.2968 in Marathon County. The formal boundaries for the Village of Spencer encompass a land area of 2.01 sq. miles and a water area of 0 sq. miles. Marathon County is in the Central time zone (GMT -6). The elevation is 1,309 feet.

The Village of Spencer has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.


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  1. Spencer 2021 Demographic Data
  2. Growth Rates for Spencer (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Wisconsin Research Tools (Easy Tools & Current Data)
  3. Wisconsin Data Comparison Tool - 2021 Demographics
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Spencer, WI Data & Demographics (As of July 1, 2021)

POPULATION

Total Population 1,921 (100%)
Population in Households 1,921 (100.0%)
Population in Families 1,541 (80.2%)
Population in Group Quarters1 0
Population Density 979
Diversity Index2 12
 
 

INCOME

Median Household Income $58,687
Average Household Income $70,346
% of Income for Mortgage4 10%
Per Capita Income $29,824
Wealth Index5 60
 

HOUSING

Total HU (Housing Units) 891 (100%)
Owner Occupied HU 642 (72.1%)
Renter Occupied HU 188 (21.1%)
Vacant Housing Units 62 ( 7.0%)
Median Home Value $134,268
Average Home Value $176,170
Housing Affordability Index3 232
 

HOUSEHOLDS

Total Households 829
Average Household Size 2.32
Family Households 552
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2021 2021-2026
Population -0.02% 0.12%
Households 0.14% 0.26%
Families 0.2% 0.18%
Median Household Income   2.44%
Per Capita Income   2.91%
Owner Occupied HU   0.49%

Spencer, WI - Peer Comparisons by Rank and Percentile

The table below compares Spencer to the other 778 incorporated cities, towns and CDPs in Wisconsin by rank and percentile using July 1, 2021 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 277 65th
Population Density # 250 68th
Median Household Income # 417 47th
Housing Affordability Index # 691 89th
Per Capita Income # 453 42nd
Diversity Index # 524 33rd

Additional comparisons and rankings can be made with a VERY EASY TO USE Wisconsin Census Data Comparison Tool.

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