The median household income in Spencer, WV in 2022 was $23,597, which was 130.2% less than the median annual income of $54,329 across the entire state of West Virginia. Compared to the median income of $19,773 in 2000 this represents an increase of 16.2%. The per capita income in 2022 was $20,421, which means an increase of 36.5% compared to 2000 when it was $12,976.
Whole page based on the data from 2000 / 2022 when the population of Spencer, West Virginia was 2,352 / 2,037
Income statistics for all residents
Median household income in Spencer, WV in 2022:
Spencer:
$23,597
State:
$54,329
Change in median household income between 2000 and 2022:
Spencer, West Virginia:
+19.3%
West Virginia:
+83.0%
Number of households with income < $10k:
Spencer:
10.1% (94)
State:
7.1% (52,185)
Number of households with income $10k - 20k:
Spencer:
30.7% (285)
State:
11.0% (81,114)
Number of households with income $20k - 30k:
Spencer:
23.5% (218)
State:
10.5% (77,246)
Number of households with income $30k - 40k:
Spencer:
4.2% (39)
State:
9.6% (70,812)
Number of households with income $40k - 50k:
Spencer:
3.9% (36)
State:
8.2% (60,448)
Number of households with income $50k - 60k:
Spencer:
1.7% (16)
West Virginia:
7.5% (55,191)
Number of households with income $60k - 75k:
Spencer:
5.3% (49)
West Virginia:
9.9% (72,717)
Number of households with income $75k - 100k:
Spencer:
10.5% (98)
State:
12.2% (89,685)
Number of households with income $100k - 125k:
Spencer:
2.6% (24)
West Virginia:
8.8% (64,450)
Number of households with income $125k - 150k:
Spencer:
3.0% (28)
West Virginia:
5.4% (39,984)
Number of households with income $150k - 200k:
Spencer:
3.8% (35)
State:
5.1% (37,216)
Number of households with income > $200k:
Spencer:
0.8% (7)
State:
4.8% (35,293)
Aggregate household income in Spencer in 2022: $39,023,750
Median family income in Spencer in 2022:
Spencer:
$40,351
State:
$70,318
Number of families with income < $10k:
Spencer:
8.5% (35)
State:
4.7% (21,958)
Number of families with income $10k - 20k:
Spencer:
18.1% (74)
West Virginia:
5.6% (25,990)
Number of families with income $20k - 30k:
Spencer:
23.3% (95)
West Virginia:
8.1% (37,431)
Number of families with income $40k - 50k:
Spencer:
5.9% (24)
State:
7.8% (36,276)
Number of families with income $50k - 60k:
Spencer:
2.1% (9)
State:
7.7% (35,855)
Number of families with income $60k - 75k:
Spencer:
7.5% (31)
West Virginia:
11.1% (51,575)
Number of families with income $75k - 100k:
Spencer:
26.9% (110)
West Virginia:
14.7% (68,220)
Number of families with income $100k - 125k:
Spencer:
5.8% (24)
State:
11.2% (51,983)
Number of families with income > $200k:
Spencer:
1.7% (7)
State:
6.4% (29,610)
Median income for 2 person families:
Spencer:
$40,092
State:
$61,929
Median non-family income in Spencer in 2022:
Spencer:
$18,212
West Virginia:
$31,082
Change in median non-family income between 2000 and 2022:
Spencer, West Virginia:
+64.4%
West Virginia:
+94.2%
Median per capita income in Spencer in 2022:
Spencer:
$20,421
State:
$31,922
Change in median per capita income between 2000 and 2022:
Spencer, West Virginia:
+57.4%
West Virginia:
+93.7%
Income statistics for White residents
Median household income in Spencer, WV in 2022:
Spencer:
$23,361
State:
$55,407
Change in median household income between 2000 and 2022:
Spencer, West Virginia:
+16.8%
West Virginia:
+84.6%
Number of households with income < $10k:
Spencer:
10.6% (92)
State:
6.6% (44,487)
Number of households with income $10k - 20k:
Spencer:
30.7% (267)
State:
10.8% (73,331)
Number of households with income $20k - 30k:
Spencer:
24.7% (215)
West Virginia:
10.3% (70,092)
Number of households with income $30k - 40k:
Spencer:
4.5% (39)
State:
9.6% (64,693)
Number of households with income $40k - 50k:
Spencer:
4.0% (35)
West Virginia:
8.3% (55,937)
Number of households with income $50k - 60k:
Spencer:
1.1% (10)
State:
7.6% (51,718)
Number of households with income $60k - 75k:
Spencer:
5.6% (49)
State:
10.1% (68,097)
Number of households with income $75k - 100k:
Spencer:
9.2% (80)
West Virginia:
12.4% (84,323)
Number of households with income $100k - 125k:
Spencer:
2.4% (21)
West Virginia:
9.0% (60,937)
Number of households with income $125k - 150k:
Spencer:
3.1% (27)
State:
5.5% (36,957)
Number of households with income $150k - 200k:
Spencer:
4.0% (35)
State:
5.1% (34,631)
Number of households with income > $200k:
Spencer:
0.0% (0)
West Virginia:
4.7% (32,099)
Aggregate household income in Spencer in 2022: $34,706,526
Median family income in Spencer in 2022:
Spencer:
$29,283
West Virginia:
$71,094
Number of families with income < $10k:
Spencer:
8.7% (33)
State:
4.2% (18,159)
Number of families with income $10k - 20k:
Spencer:
19.2% (72)
State:
5.5% (23,670)
Number of families with income $20k - 30k:
Spencer:
24.9% (93)
State:
7.7% (33,068)
Number of families with income $40k - 50k:
Spencer:
6.4% (24)
State:
7.9% (33,944)
Number of families with income $50k - 60k:
Spencer:
2.3% (9)
State:
8.0% (34,039)
Number of families with income $60k - 75k:
Spencer:
8.2% (30)
State:
11.3% (48,141)
Number of families with income $75k - 100k:
Spencer:
24.8% (92)
State:
15.1% (64,623)
Number of families with income $100k - 125k:
Spencer:
5.5% (20)
State:
11.4% (48,882)
Median non-family income in Spencer in 2022:
Spencer:
$18,405
West Virginia:
$31,521
Change in median non-family income between 2000 and 2022:
Spencer, West Virginia:
+66.1%
State:
+94.8%
Median per capita income in Spencer in 2022:
Spencer:
$19,599
State:
$32,764
Change in median per capita income between 2000 and 2022:
Spencer, West Virginia:
+50.8%
State:
+97.2%
Income statistics for Black or African American residents
Median per capita income in Spencer in 2022:
Spencer:
$9,653
State:
$22,493
Change in median per capita income between 2000 and 2022:
Spencer, West Virginia:
+22.2%
State:
+81.5%
Income statistics for Asian residents
Aggregate household income in Spencer in 2022: $1,024,725
Median per capita income in Spencer in 2022:
Spencer:
$32,818
State:
$45,853
Change in median per capita income between 2000 and 2022:
Spencer, West Virginia:
+60.4%
West Virginia:
+60.3%
Income statistics for Hispanic or Latino residents
Aggregate household income in Spencer in 2022: $212,005
Median per capita income in Spencer in 2022:
Spencer:
$7,199
West Virginia:
$23,238
Change in median per capita income between 2000 and 2022:: -8.4%
Spencer, West Virginia:
-8.4%
State:
+67.7%
Income statistics for Multirace residents
Number of households with income < $10k:
Spencer:
0.0% (0)
State:
11.0% (2,990)
Number of households with income $10k - 20k:
Spencer:
35.2% (19)
State:
14.9% (4,055)
Number of households with income $20k - 30k:
Spencer:
0.0% (0)
West Virginia:
11.7% (3,191)
Number of households with income $30k - 40k:
Spencer:
0.0% (0)
State:
7.8% (2,129)
Number of households with income $40k - 50k:
Spencer:
0.0% (0)
West Virginia:
7.8% (2,111)
Number of households with income $50k - 60k:
Spencer:
13.0% (7)
West Virginia:
5.0% (1,367)
Number of households with income $60k - 75k:
Spencer:
0.0% (0)
State:
7.7% (2,106)
Number of households with income $75k - 100k:
Spencer:
44.4% (24)
State:
9.6% (2,621)
Number of households with income $100k - 125k:
Spencer:
7.4% (4)
State:
6.5% (1,773)
Number of households with income $125k - 150k:
Spencer:
0.0% (0)
State:
6.4% (1,732)
Number of households with income $150k - 200k:
Spencer:
0.0% (0)
West Virginia:
5.6% (1,510)
Number of households with income > $200k:
Spencer:
0.0% (0)
West Virginia:
5.9% (1,606)
Aggregate household income in Spencer in 2022: $3,513,069
Median per capita income in Spencer in 2022:
Spencer:
$46,235
West Virginia:
$22,284
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-8.4%
+67.7%
