Spencer, OK Profile: Facts & Data

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Spencer, Oklahoma - Basic Facts

The City of Spencer had a population of 3,946 as of July 1, 2023. Spencer ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Oklahoma. See peer rankings below.

The primary coordinate point for Spencer is located at latitude 35.5228 and longitude -97.3773 in Oklahoma County. The formal boundaries for the City of Spencer encompass a land area of 5.37 sq. miles and a water area of 0 sq. miles. Oklahoma County is in the Central time zone (GMT -6).

The City of Spencer has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Oklahoma is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Spencer is located within Oklahoma City Southeast Division of Oklahoma County.


Jump to... (On This Page!)
  1. Spencer 2023 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. Oklahoma Research Tools (Easy Tools & Current Data)
  3. Oklahoma Data Comparison Tool - 2023 Demographics
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Spencer, OK Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 3,946 (100%)
Population in Households 3,841 (97.3%)
Population in Families 3,005 (76.2%)
Population in Group Quarters1 105 ( 2.7%)
Population Density 733
Diversity Index2 72
 
 

INCOME

Median Household Income $48,448
Average Household Income $64,314
% of Income for Mortgage4 14%
Per Capita Income $26,129
Wealth Index5 47
Socioeconomic Status Index6 Moderate (47.9)
 

HOUSING

Total HU (Housing Units) 1,793 (100%)
Owner Occupied HU 1,085 (60.5%)
Renter Occupied HU 514 (28.7%)
Vacant Housing Units 194 (10.8%)
Median Home Value $114,270
Average Home Value $167,350
Housing Affordability Index3 170
 

HOUSEHOLDS

Total Households 1,599
Average Household Size 2.40
Family Households 968
Average Family Size 3.00
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.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -0.25% 0.04%
Households 0.25% 0.06%
Families   0.04%
Median Household Income   2.84%
Per Capita Income   2.99%
Owner Occupied HU   0.11%

Spencer, OK - Peer Comparisons by Rank and Percentile

The table below compares Spencer to the other 845 incorporated cities, towns and CDPs in Oklahoma by rank and percentile using July 1, 2023 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 # 89 90th
Population Density # 209 75th
Median Household Income # 506 40th
Housing Affordability Index # 632 75th
Per Capita Income # 518 39th
Diversity Index # 37 96th

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

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