Spencer
Spencer, Iowa, is A Destination for Entrepreneurs and Families Alike
Spencer, Iowa, is known for its natural beauty and friendly atmosphere. This town is perfect for those looking for opportunities for growth while escaping the fast-paced city atmosphere. The town offers many recreational activities, such as camping, biking, fishing, golfing, and more. There are several local parks and trails to explore and many lakes nearby.
The never-ending hum of business presents continued growth and guides the City of Spencer into the future. This future is where history remains alive, and the quality of life increases yearly. Living is easy in Spencer. The pace of life is leisurely yet purposeful. A wave, a smile, and a friendly hello are commonplace, even among strangers.
Business and Entrepreneurial Culture
At the crossroads of U.S. Highways 18 and 71, the City of Spencer is part of the Iowa Lakes Corridor in Northwest Iowa. It is among 550 designated Micropolitan Statistical Areas (μSAs) in the United States. U.S. Highway 71 travels through Spencer’s historic downtown (referred to locally as Grand Avenue), and the City is surrounded by beltways on its western and eastern boundaries, offering truck traffic alternate routes.
Spencer is focused on growing its population and enhancing the experiences of its young professionals and entrepreneurs. Spencer YP (Young Professionals) is a group of young and middle-aged professionals that provides networking, community services, and fundraising opportunities.
Top Reasons for Families to Move Here
- High Livability Ratings: Spencer’s overall livability score is above average, with high educational ratings, low crime and cost of living, and overall resident happiness.
- Low Cost of Living: The overall cost is lower for housing, utilities, groceries, transportation, healthcare, and other recreational activities than surrounding areas and states.
- Low Crime Rates: The crime rate is lower than the national average and other cities of similar size. Spencer is a safe place to live, work, and raise a family.
Top Reasons for Businesses to Relocate Here
- Large Labor Force: Businesses can draw from a laborshed of 68,513 within a 50-mile radius of Spencer.
- Public and Private Partnerships: Collaboration with government agencies, chambers of commerce, and economic development organizations gives Spencer businesses a competitive advantage.
Join us in Spencer, Iowa
Spencer, Iowa, is a community dedicated to providing residents with a high quality of life and businesses opportunities for growth. Whether you’re a lifelong resident, a first-time visitor, or moving for work, Spencer is a place to call home.
Population
Population
Population | 2000 | 2010 | 2023 | 2028 |
---|---|---|---|---|
Spencer | 11,366 | 11,226 | 11,319 | 11,303 |
Source: ESRI, 2023-10-17
Population by Age
Population | 2010 | 2023 | 2028 |
---|---|---|---|
0-4 | 763 | 666 | 688 |
5-9 | 693 | 668 | 662 |
10-14 | 704 | 680 | 688 |
15-19 | 693 | 662 | 653 |
20-24 | 588 | 632 | 641 |
25-29 | 702 | 641 | 656 |
30-34 | 691 | 686 | 628 |
35-39 | 630 | 676 | 688 |
40-44 | 606 | 635 | 658 |
45-49 | 784 | 601 | 660 |
50-54 | 811 | 647 | 585 |
55-59 | 780 | 696 | 629 |
60-64 | 614 | 787 | 651 |
65-69 | 478 | 712 | 724 |
70-74 | 432 | 623 | 657 |
75-79 | 380 | 462 | 520 |
80-84 | 394 | 370 | 406 |
85+ | 485 | 475 | 509 |
18+ | 8,636 | 8,885 | 8,850 |
Median Age | 41 | 43 | 43 |
Source: ESRI, 2023-10-17
Population by Race
Spencer | 2023 |
---|---|
Total | 11,319.00 |
White Alone | 91.13 |
Black Alone | 0.86 |
American Indian Alone | 0.43 |
Asian Alone | 0.85 |
Pacific Islander Alone | 0.05 |
Some Other Race | 2.18 |
Two or More Races | 4.50 |
Hispanic Origin | 5.49 |
Diversity Index | 25.30 |
Source: ESRI, 2023-10-17
Growth Rate
Spencer | 2023 - 2028 |
---|---|
Population | -0.03% |
Households | 0.12% |
Families | 0.03% |
Median Household Income | 2% |
Per Capita Income | 2% |
Source: ESRI, 2023-10-17
Back To TopHousing
Households
Population | 2000 | 2010 | 2023 | 2028 |
---|---|---|---|---|
Households | 4,861 | 5,014 | 5,067 | 5,097 |
Housing Units | 5,156 | 5,426 | 5,678 | 5,720 |
Owner Occupied Units | 3,354 | 3,429 | ||
Renter Occupied Units | 1,713 | 1,668 | ||
Vacant Units | 611 | 623 |
Source: ESRI, 2023-10-17
Home Value
Spencer | 2023 | 2028 |
---|---|---|
Median Home Value | $158,559 | $166,956 |
Average Home Value | $191,995 | $203,099 |
<$50,000 | 91 | 91 |
$50,000 - $99,999 | 525 | 501 |
$100,000 - $149,999 | 941 | 898 |
$150,000 - $199,999 | 701 | 662 |
$200,000 - $249,999 | 412 | 446 |
$250,000 - $299,999 | 93 | 104 |
$300,000 - $399,999 | 305 | 380 |
$400,000 - $499,999 | 243 | 292 |
$500,000 - $749,999 | 40 | 52 |
$1,000,000 + | 0 | 0 |
Source: ESRI, 2023-10-17
Housing Year Built
Year Range | Houses Built |
---|---|
2010 or Later | 221 |
2000-2009 | 495 |
1990-1999 | 443 |
1980-1989 | 559 |
1970-1979 | 1,003 |
1960-1969 | 543 |
1950-1959 | 518 |
1940-1949 | 307 |
1939 or Before | 1,412 |
Source: ESRI, 2023-10-17
Back To TopIncome
Income
Spencer | 2023 | 2028 |
---|---|---|
Median Household | $50,737 | $54,951 |
Average Household | $73,422 | $81,367 |
Per Capita | $32,907 | $36,731 |
Source: ESRI, 2023-10-17
Household Income Base
Spencer | 2023 |
---|---|
<$15,000 | 613 |
$15,000 - $24,999 | 634 |
$25,000 - $34,999 | 585 |
$35,000 - $49,999 | 670 |
$50,000 - $74,999 | 744 |
$75,000 - $99,999 | 687 |
$100,000 - $149,999 | 731 |
$150,000 - $199,999 | 224 |
$200,000+ | 179 |
Source: ESRI, 2023-10-17
Back To TopEmployees
Commute
Category | Commuters |
---|---|
Workers 16+ | 5,255 |
In-County Residents | 4,193 |
Out-of-County Residents | 1,030 |
Drive Alone | 4,133 |
Carpooled | 395 |
Public Transport | 51 |
Work at Home | 428 |
Less than 5 minutes | 638 |
5-9 minutes | 1,508 |
10-14 minutes | 960 |
15-19 minutes | 358 |
20-24 minutes | 168 |
25-29 minutes | 161 |
30-34 minutes | 418 |
35-39 minutes | 16 |
40-44 minutes | 122 |
45-59 minutes | 257 |
60-89 minutes | 118 |
90+ minutes | 101 |
Average Travel Time | 0 |
Source: ESRI, 2023-10-17
Source: ESRI, 2023-10-17
Employees by NAICS
Category | Number |
---|---|
Total Employees | 9,297 |
Agr/Forestry/Fish/Hunt | 152 |
Mining | 0 |
Utilities | 40 |
Construction | 459 |
Manufacturing | 620 |
Wholesale Trade | 464 |
Retail Trade | 1,516 |
Motor Veh/Parts Dealers | 170 |
Furn & Home Furnish Str | 18 |
Electronics & Appl Store | 45 |
Bldg Matl/Garden Equip | 200 |
Food & Beverage Stores | 332 |
Health/Pers Care Stores | 72 |
Gasoline Stations | 19 |
Clothing/Accessory Store | 68 |
Sports/Hobby/Book/Music | 126 |
General Merchandise Str | 466 |
Misc Store Retailers | 0 |
Nonstore Retailers | 0 |
Transportation/Warehouse | 163 |
Information | 245 |
Finance & Insurance | 279 |
Cntrl Bank/Crdt Intrmdtn | 181 |
Sec/Cmdty Cntrct/Oth Inv | 27 |
Insur/Funds/Trusts/Other | 71 |
Real Estate/Rent/Leasing | 121 |
Prof/Scientific/Tech Srv | 449 |
Legal Services | 66 |
Mgmt of Comp/Enterprises | 41 |
Admin/Support/Waste Mgmt | 229 |
Educational Services | 451 |
HealthCare/Social Assist | 2,323 |
Arts/Entertainment/Rec | 106 |
Accommodation/Food Srvcs | 544 |
Accommodation | 66 |
Food Srv/Drinking Places | 478 |
Other Srv excl Pub Admin | 534 |
Auto Repair/Maintenance | 85 |
Public Administration Emp | 434 |
Source: ESRI, 2023-10-17
Educational Attainment (25+)
Spencer | 2023 |
---|---|
Some High School | 241 |
Graduated High School | 2,164 |
Associates Degree | 1,186 |
Bachelor's Degree | 1,452 |
Graduate Degree | 622 |
Source: ESRI, 2023-10-17
Back To TopBusinesses
Businesses by NAICS
Category | Number |
---|---|
Total Businesses | 731 |
Agr/Forestry/Fish/Hunt Bus | 9 |
Mining Bus | 0 |
Utilities Bus | 1 |
Construction Bus | 40 |
Manufacturing Bus | 31 |
Wholesale Trade Bus | 33 |
Retail Trade Bus | 108 |
Motor Veh/Parts Dealers Bus | 17 |
Furn & Home Furnish Str Bus | 3 |
Electronics & Appl Store Bus | 5 |
Bldg Matl/Garden Equip Bus | 12 |
Food & Beverage Stores Bus | 13 |
Health/Pers Care Stores Bus | 12 |
Gasoline Stations Bus | 3 |
Clothing/Accessory Store Bus | 14 |
Sports/Hobby/Book/Music Bus | 17 |
General Merchandise Str Bus | 12 |
Misc Store Retailers Bus | 0 |
Nonstore Retailers Bus | 0 |
Transportation/Warehouse Bus | 13 |
Information Bus | 16 |
Finance & Insurance Bus | 42 |
Cntrl Bank/Crdt Intrmdtn Bus | 13 |
Sec/Cmdty Cntrct/Oth Inv Bus | 10 |
Insur/Funds/Trusts/Other Bus | 19 |
Real Estate/Rent/Leasing Bus | 29 |
Prof/Scientific/Tech Srv Bus | 48 |
Legal Services Bus | 13 |
Mgmt of Comp/Enterprises Bus | 4 |
Admin/Support/Waste Mgmt Bus | 19 |
Educational Services Bus | 12 |
HealthCare/Social Assist Bus | 76 |
Arts/Entertainment/Rec Bus | 14 |
Accommodation/Food Srvcs Bus | 47 |
Accommodation Bus | 9 |
Food Srv/Drinking Places Bus | 38 |
Other Srv excl Pub Admin Bus | 113 |
Auto Repair/Maintenance Bus | 16 |
Public Administration Bus | 54 |
Source: ESRI, 2023-10-17
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