Below Average CostNear National AverageOKLAHOMA CITY
Median Income
$54,452
household / year
Median Home Value
$115,600
owner-occupied
Median Rent
$1,017
gross / month
Cost of Living
91
national avg = 100
Is Spencer, OK a Good Place to Live?
Spencer is a small town of 3,969 in Oklahoma, with a median household income of $54,452
and a 6.9% unemployment rate.
Its cost of living index is 91 (US average = 100), which is
9% below the national average.
Strengths:
Spencer stands out for an affordable cost of living, below-average home prices.
Trade-offs:
Potential downsides include an elevated unemployment rate. Whether Spencer is right for you depends on your priorities — the full breakdown is below.
All Spencer city data on this page comes from official government sources —
the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 91.0
Spencer's overall cost of living index is 91.0,
where 100 represents the US national average.
Living in Spencer costs roughly 9% less than the average American city.
Metric
Spencer, OK
National Avg
Median Home Value
$115,600
$244,900
Median Monthly Rent
$1,017
$1,163
Homeownership Rate
67.0%
65.9%
Median Household Income
$54,452
$74,755
Crime & Safety
Near National Average
Spencer's violent crime rate is 518.1 per 100,000 residents
— 36% higher than the national average of ~380 per 100,000.
Violent Crime
518.1 /100k
Property Crime
1373.1 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Spencer is served primarily by OKLAHOMA CITY.
The student-to-teacher ratio is 16.2:1
(slightly above the national average of ~16:1).
Metric
Spencer, OK
National Avg
School District
OKLAHOMA CITY
—
Elementary Schools
32
—
Middle Schools
15
—
High Schools
10
—
Student/Teacher Ratio
16.2:1
16:1
Bachelor's Degree or Higher
20.7%
35.4%
High School Diploma or Higher
92.2%
91.1%
Weather & Climate
Spencer sees average highs of 49.7°F in January
and 92.2°F in July,
with 36.6 inches of annual precipitation
and 2.5 inches of snow per year.
Spencer's cost of living index is 91, where 100 is the national average.
That makes Spencer roughly 9% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $115,600 and median rent is $1,017/month.
Spencer's violent crime rate is 518.1 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1373.1 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Spencer are operated by OKLAHOMA CITY.
The district has 32 elementary, 15 middle, and 10 high schools.
The student-to-teacher ratio is 16.2:1. 20.7% of adults 25+ hold a bachelor's degree or higher.
Spencer, OK has a population of 3,969, a median household income of $54,452, and an unemployment rate of 6.9%.
It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Spencer averages 49.7°F in January and 92.2°F in July. Annual rainfall is 36.6 inches
with about 2.5 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
The population of Spencer, Oklahoma is 3,969 with a median age of 41.0. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Spencer: cost of living index 91 (100 = US average), median home $115,600, median household income $54,452, crime index 108 (100 = US average, lower is safer), schools rated C. Whether these are benefits or drawbacks depends on where you're coming from — compare Spencer side by side with your current city to see the trade-offs.