Lower Spencer, KY
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Lower Spencer, KY: Quick Facts & Overview
- Population: 22,725 residents (62 people per sq. mi.)
- Average House Price: $182,545
- Average Household Income: $57,329
Lower Spencer, KY is located in the state of Kentucky. It is home to about 22,725 people, with around 62 residents living in every square mile.
If you want to buy a house in Lower Spencer, the average price is around $182,545. That makes local housing 6% higher than the Kentucky average of $172,980, and 41% lower than the national average of $308,592.
The average household in Lower Spencer earns about $57,329 a year. This income is 4% lower than the average family in Kentucky ($59,426), and 27% lower than the national average ($78,686).
Population
22,725
Median Household Income
$57,329
Median Home Value
$182,545
Median Age
41.7 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $33,322 |
| Labor Force Participation | 58.3% |
| Unemployment Rate | 3.5% |
| Average Commute Time | 24.4 mins |
Housing & Community Metrics
| Home Ownership Rate | 66.6% |
| Median Rent | $836 |
| Rent Burdened (>30% Income) | 24.5% |
| Total Housing Units | 9,118 |
Additional Census & Housing Profile
Geographic Overview
| County | Montgomery |
| County FIPS | 21173 |
| Metro Area (CBSA) | Mount Sterling, KY |
| Combined Area (CSA) | Lexington-Fayette--Richmond--Frankfort, KY |
| Population Density | 62.0/sq mi |
| Coordinates (lat/lng) | 38.0287, -83.8402 |
| Timezone | America/New_York |
| National Ranking | 4 |
| Incorporated | No |
Household Structure
| Average Family Size | 3.00 |
| Dual Income Families | 49.1% |
Marital Status
| Married | 50.3% |
| Never Married | 25.2% |
| Divorced | 17.1% |
| Widowed | 7.4% |
Gender
| Male | 48.4% |
| Female | 51.6% |
Health & Poverty
| Uninsured Rate (Health) | 7.7% |
| Poverty Rate | 14.6% |
Key Population Groups
| Veterans | 6.0% |
| Disabled Population | 21.3% |
| Limited English Proficiency | 0.5% |
All ZIP Codes in Lower Spencer
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 40353 | 22,725 | $57,329 | $182,545 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Camargo, KY | 3.6 miles | 874 |
| Jeffersonville, KY | 4.4 miles | 1,651 |
| Mount Sterling, KY | 6.3 miles | 7,551 |
| Owingsville, KY | 8.6 miles | 1,621 |
| Clay City, KY | 12.5 miles | 1,204 |
| Stanton, KY | 12.6 miles | 3,218 |
| Frenchburg, KY | 12.9 miles | 643 |
| Sharpsburg, KY | 12.9 miles | 519 |
| Salt Lick, KY | 13.7 miles | 274 |
| North Middletown, KY | 16.7 miles | 679 |
| Farmers, KY | 18.1 miles | 206 |
| Winchester, KY | 19.2 miles | 19,213 |
| Lakeview Heights, KY | 20.2 miles | 332 |
| Carlisle, KY | 22.5 miles | 2,214 |
| Ezel, KY | 23.5 miles | 313 |
| Irvine, KY | 24 miles | 2,723 |
| Morehead, KY | 24.1 miles | 6,870 |
| Ravenna, KY | 24.4 miles | 642 |
| Millersburg, KY | 25.2 miles | 819 |
| Campton, KY | 25.8 miles | 272 |
| Paris, KY | 26.3 miles | 10,160 |
| Ewing, KY | 27.6 miles | 346 |
| Flemingsburg, KY | 27.9 miles | 2,965 |
| Beattyville, KY | 31.4 miles | 2,095 |
| Richmond, KY | 32.1 miles | 37,111 |
| West Liberty, KY | 32.2 miles | 3,295 |
| Lexington, KY | 33.7 miles | 323,725 |
| Cynthiana, KY | 35.1 miles | 6,458 |
| Mount Olivet, KY | 36.3 miles | 170 |
| Berea, KY | 39 miles | 15,786 |
| Sandy Hook, KY | 39.2 miles | 456 |
| Booneville, KY | 39.5 miles | 187 |
| Nicholasville, KY | 40.7 miles | 32,197 |
| Georgetown, KY | 40.8 miles | 39,117 |
| Jackson, KY | 41.1 miles | 2,015 |
| Olive Hill, KY | 41.2 miles | 1,636 |
| McKee, KY | 42.1 miles | 888 |
| Maysville, KY | 42.7 miles | 8,737 |
| Germantown, KY | 43.9 miles | 232 |
| Keene, KY | 44 miles | 346 |
| Aberdeen, OH | 44.6 miles | 1,517 |
| Berry, KY | 45 miles | 253 |
| Wilmore, KY | 45.6 miles | 6,057 |
| Sadieville, KY | 45.8 miles | 370 |
| Midway, KY | 46.3 miles | 1,776 |
| Salyersville, KY | 46.6 miles | 1,708 |
| Brooksville, KY | 46.8 miles | 883 |
| Manchester, OH | 47.4 miles | 1,972 |
| Vanceburg, KY | 48.1 miles | 1,482 |
| Versailles, KY | 48.2 miles | 10,492 |
| Ripley, OH | 48.6 miles | 1,610 |
| Stamping Ground, KY | 48.7 miles | 994 |
| Annville, KY | 49 miles | 1,063 |
| High Bridge, KY | 49.3 miles | 109 |
| Lancaster, KY | 49.5 miles | 4,013 |