Spencer Township Demographics
Spencer Township Facts
Spencer is a village that is located in Spencer Township with a population of approximately 2,419.
The Village of Spencer and Spencer Township have a Cooperative Economic Development Agreement (CEDA) which is 68 acres that is now the village’s light industrial zoned industrial park. A Lorain-Medina Rural Development Company project, the annexed land will benefit from the village’s water and sewer services.
The community has an active Economic Development Committee working on developing new businesses and encouraging the growth and redevelopment of its quaint downtown.
Spencer Township Demographics
Population (2020 / est.)
1,812
Unemployment Rate (2022)
0.0%
Median Household Income (2022)
$99,020
Education
High School and Above
96.5%
Bachelor’s Degree and Above
15.6%
Housing
Homeownership Rate
86.1%
Median Home Value (2022)
$249,200
Travel Time to Work
Less than 15 minutes
8.2%
15 to 30 minutes
36.1%
30 to 45 minutes
19.5%
45 to 60 minutes
20.9%
60 minutes or more
15.5%
* Data above from US Census Bureau