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Last Updated: 08/12/2022


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All About

Living In Spencer, OK

Spencer, a small town in Oklahoma, has a population of approximately 4,000. It's a nice place to settle down, as retirees make up a greater percentage of the population (19%) here than they do nationally (14%). At an average age of just over 43, the town's population skews older than most cities in Oklahoma. Just 31% of residents rent in Spencer, as the majority own their homes. With a relatively low average rent of $569 per month in the town, renting remains an affordable option, particularly compared to other cities in Oklahoma. Over the course of a year, renters in Spencer will save around $3,200 compared to the state average.

Spencer residents have an average commute of about 27 minutes. Many residents (40%) commute to work by car, while public transportation is not used. Walking isn't a common way to get to work.

Many Spencer residents work in one of three industries: retail, healthcare, and public administration. Combined, these industries account for 22% of the labor force in the town. Meanwhile, looking at job function, many of the town's residents work in sales, as 10% of the town's population reports this as their field of work, the highest number of any career path. With an average annual income of about $49K, Spencer workers bring in about $14,000 less than their peers elsewhere in the state. The town's average income also trails the national average of $73,345. Spencer has a large concentration of residents older than 25 who possess a high school degree or equivalent (28%) compared to the national average. In addition, 9% have earned a Bachelor's, Master's, Professional, or Doctoral degree.

Frequently Asked Questions About Spencer

How much does it cost to rent in Spencer, OK?

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Is it expensive to rent in Spencer?

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