What is the median household income in Spencer, OK?
The median household income in Spencer, OK is $59,861 (±$13,913) a year (2020–2024 American Community Survey).
In Spencer, the median household income went from $40,000 in 2015–2019 to $59,861 in 2020–2024 (+49.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $59,861 (±$13,913)
Income in Spencer against Oklahoma County, its state and the nation
| Spencer | Oklahoma County | Oklahoma | United States | |
|---|---|---|---|---|
| Median household income | $59,861 (±$13,913) | $66,679 (±$1,050) | $65,039 (±$439) | $80,734 |
| Median renter household income | — | $44,020 (±$998) | $42,664 (±$446) | $52,966 |
| Median owner household income | $64,632 (±$10,363) | $90,643 (±$1,203) | $81,932 (±$637) | $100,009 |
| Median gross rent | — | $1,116 (±$10) | $1,014 (±$6) | $1,413 |
In Spencer, median household income is not measurably different from Oklahoma County ($66,679).
It is not measurably different from Oklahoma ($65,039).
It is lower than the national figure ($80,734).
In Oklahoma County, Spencer ranks 12 of 19 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 186 of 569.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $40,000 (±$13,068) | $59,861 (±$13,913) | +49.7% | No measurable change after inflation |
| Median home value | $80,700 (±$5,901) | $157,000 (±$20,585) | +94.5% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Spencer
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Spencer | — | $59,861 (±$13,913) | — |
| Nicoma Park | 3.0 mi | $62,447 (±$12,362) | Not measurably different |
| Midwest City | 3.6 mi | $57,520 (±$3,294) | Not measurably different |
| Forest Park | 4.3 mi | $103,929 (±$23,172) | Higher |
| Lake Aluma | 4.5 mi | $250,000 or more | — |
| Del City | 5.8 mi | $46,925 (±$2,684) | Not measurably different |
| Choctaw | 6.0 mi | $100,574 (±$7,593) | Higher |
| Jones | 6.0 mi | $77,371 (±$6,780) | Higher |
| Oklahoma City | 8.5 mi | $68,656 (±$1,466) | Not measurably different |
Nearby places with a measurably higher figure: Forest Park, OK ($103,929), Choctaw, OK ($100,574), Jones, OK ($77,371).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Oklahoma County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 6 | Woodlawn Park | $90,625 (±$9,531) |
| 7 | Harrah | $84,375 (±$13,217) |
| 8 | Jones | $77,371 (±$6,780) |
| 9 | The Village | $77,108 (±$12,235) |
| 10 | Oklahoma City | $68,656 (±$1,466) |
| 11 | Nicoma Park | $62,447 (±$12,362) |
| 12 | Spencer | $59,861 (±$13,913) |
| 13 | Midwest City | $57,520 (±$3,294) |
| 14 | Bethany | $56,591 (±$5,253) |
| 15 | Warr Acres | $53,273 (±$12,454) |
| 16 | Luther | $51,827 (±$20,867) |
| 17 | Valley Brook | $47,200 (±$11,946) |
| 18 | Del City | $46,925 (±$2,684) |
Showing 13 of 19 places in Oklahoma County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Spencer
What is the median household income in Spencer?
The median household income in Spencer is $59,861 (±$13,913) a year (2020–2024 American Community Survey).
Have incomes in Spencer kept up with inflation?
In Spencer, the median household income went from $40,000 in 2015–2019 to $59,861 in 2020–2024 (+49.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Spencer city, Oklahoma
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Spencer city, Oklahoma
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Spencer city, Oklahoma
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Spencer city, Oklahoma
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Spencer city, Oklahoma
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Spencer city, Oklahoma
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Spencer city, Oklahoma (place:69200, in state:40).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Spencer at a glance
- Renters and owners in Spencer
- Home values in Spencer
- Homeowner costs in Spencer
- Property taxes in Spencer
- Types of homes in Spencer
- Bedrooms in Spencer
- Age of homes in Spencer
- Heating fuel in Spencer
- Commute and cars in Spencer
- Crime reported to police in Spencer
- Population growth in Spencer
- Fair Market Rent in Spencer
- Oklahoma landlord and tenant rules
- Housing across Oklahoma County
- Oklahoma places ranked by median household income
- Housing data for every place in Oklahoma