Spencer is a city in Oklahoma state in USA with a population of 3995 residents.. The poverty rate of Spencer is 14.8%, which is 6% higher than national average. The typical household in Spencer earns $40000 a year, compared to the national median of $67,500. Nearly 57.7% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Spencer, only 91% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Spencer remained 8.5%, which is 81% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Spencer, only 16% of adults have a bachelor's degree and 31% have some college but no degree.

Cost of living in Spencer is 0, which is 100% lower than national average. Median home value in Spencer is $80700 , which is 65% lower than national average. While median income in Spencer remained $40000, which is 41% lower than national average.