Market insights · Indiana
Spencer County, IN: growth, migration and housing
Spencer County has 20,061 residents, up 1.2% since 2020 (-0.5% in the last year). In 2022–2023, 467 households moved in and 496 moved out (-29 net), bringing in a net $3.1M of income. Median household income is $74,506, the median home $185,200 and median rent $751 a month.
In Indiana: 47th of 92 counties for 5-year population growth · 68th of 92 counties for net in-migration (per resident) · 26th of 92 counties for median household income · 42nd of 92 counties for median home value.
Where new residents came from
Top counties by households (tax returns) moving to Spencer County, 2022–2023 (IRS).
| From | Households (tax returns) | Their income (AGI) |
|---|---|---|
| Dubois County, IN | 79 | $5.1M |
| Warrick County, IN | 76 | $5.2M |
| Vanderburgh County, IN | 65 | $3.3M |
| Perry County, IN | 56 | $3.5M |
| Daviess County, KY | 48 | $2.9M |
Where leavers went
Top counties by households leaving Spencer County, 2022–2023 (IRS).
| To | Households (tax returns) | Their income (AGI) |
|---|---|---|
| Warrick County, IN | 78 | $4.2M |
| Perry County, IN | 64 | $2.9M |
| Vanderburgh County, IN | 62 | $3.4M |
| Daviess County, KY | 62 | $3.0M |
| Dubois County, IN | 55 | $2.7M |
BizyFi in Spencer County
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Sources: U.S. Census Bureau population estimates (vintage 2025), American Community Survey 5-year (2024), and IRS Statistics of Income county-to-county migration data (2022–2023). Migration counts are tax returns (roughly households) moving between U.S. counties; the IRS suppresses very small flows. Growth rates, per-1,000 figures, rent share and state ranks are BizyFi calculations. Data updated 2026-10-17. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.