Spencer County KY Information

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Spencer County Subdivisions

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  1. Spencer County 2019 Demographic Data
  2. Growth Rates forSpencer County (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Kentucky Research Tools (Easy Tools & Current Data)
  3. Kentucky Data Comparison Tool - 2019 Demographics

Spencer County KY Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Spencer County KY Housing Affordability Index is 154
State of Kentucky Housing Affordability Index is 161
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.

WEALTH INDEX

Spencer County KY Wealth Index is 80
State of Kentucky Wealth Index is 73
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.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

More Tools and Resources:

  1. For information about schools and school attendance zones, use the HTL Address Tool
  2. Our new HTL Neighborhood Explorer provides lots of detail about any neighborhood.
  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Kentucky COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 19,128
Population in Households 19,015
Population in Families 16,763
Population in Group Qrtrs 113
Population Density 103
Diversity Index1 14
 

INCOME

Median Household Income $67,526
Average Household Income $79,659
Per Capita Income $28,649
Wealth Index3 80

HOUSING

Total Housing Units 7,518 (100%)
Owner Occupied HU 5,413 (72.0%)
Renter Occupied HU 1,465 (19.5%)
Vacant Housing Units 640 ( 8.5%)
Median Home Value $216,061
Housing Affordability Index2 154
 

HOUSEHOLDS

Total Households 6,878
Average Household Size 2.76
Family Households 5,407
Average Family Size 3
NOTES
  1. 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 race 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.
  2. 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.
  3. 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

2010-2019 2019-2024
Population 1.24% 1.35%
Households 1.19% 1.32%
Families 1.07% 1.25%
Median Household Income   2.32%
Per Capita Income   2.39%

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Spencer County KY - Peer Comparisons by Rank and Percentile

The table below compares Spencer County to the other 120 counties and county equivalents in Kentucky by rank and percentile using July 1, 2019 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 # 64 48th
Population Density # 30 76th
Diversity Index # 71 42nd
Median Household Income # 4 98th
Per Capita Income # 15 88th

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

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Kentucky Census Data Comparison Tool

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