01562 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 01562 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateMassachusetts
CitySpencer
Time ZoneAmerica/New_York
Geo Location42.24715, -71.99189
Population11963
Size85.078 square miles
Median Family Income$91285.00
Median Home Value$309500.00

Population & Demographics

The following information lists the population statistics and breakdown for the 01562 zip code. The total population is 11963, of which, 6391 are male and 5572 are female. With a total area of 85.078 square miles, the population density is 140.2 people per square mile. The median age of the population is 47.9 years old. Below you’ll find additional information on the population and demographics of this zip code, including age distribution, race distribution, language spoken, and more.

YearPopulation
201111715
201211713
201311733
201411746
201511773
201611801
201711856
201811913
201911928
202011942
202111963

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 4383.7%
Age 5-96695.6%
Age 10-147095.9%
Age 15-196155.1%
Age 20-244223.5
Age 25-294243.5%
Age 30-344583.8%
Age 35-399988.3%
Age 40-44692 5.8%
Age 45-497266.1%
Age 50-546815.7%
Age 55-598677.2%
Age 60-64141911.9%
Age 65-6911799.9%
Age 70-746755.6%
Age 75-794553.8%
Age 80-842742.3%
Age 85 and over2622.2%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 5.4 %
  • Speaks Spanish: 3.3 %
  • Speaks Other Indo-European Language: 1.8 %
  • Speaks Pacific Island Languages: 0.2 %
  • Speak Other Languages: 0.1 %
Marital Status: 
  • Currently Married: 54.8 %
  • Divorced: 13.8 %
  • Separated (not divorced): 0.4 %
  • Never Married: 27.1 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 01562 zip code is $91285. This is 11.02% greater than the national average. This income places 6.8% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $30385. Below you can find additional economic characteristics, including income bracket distribution, median income over time, retirement statistics, and more.

Annual Income Bracket ($)Number of Families in Bracket
Less than $10,000.000
$10,000.00 – $14,999.0041
$15,000.00 – $24,999.00106
$25,000.00 – $34,999.00161
$35,000.00 – $49,999.00181
$50,000.00 – $74,999.00809
$75,000.00 – $99,999.00455
$100,000.00 – $149,999.00874
$150,000.00 – $199,999,00231
$200,000.00 +430

YearMedian Family Income ($ USD)
201177384
201280895
201378324
201478849
201577135
201680466
201781721
201888347
201996026
202097860
202191285

Income Source# of Households
Wage or Salary3607
Self Employment472
Social Security2306
Dividends, Interest, or Rental904
Retirement1500
Other686

Total Insured & Uninsured Individuals: 
  • Families Insure: 11614
  • Families Uninsured: 330
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 1500
  • No retirement income: 3686

Education

In the 01562 zip code, 92.7% of individuals over 25 years old have a high school degree or higher, and 23.7% have a bachelors degree or higher. Additionally, 28.1% of individuals 3 years and older are in private school, and 71.9% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 01562 zip, there are an estimated 6574 people in the labor force, of which, 6116 are employed, and 439 are unemployed. There are a total of 19 people in the armed forces. The average commute time for this zip code is 34.9 minutes. Of the total people that work, 557 worked from home and 6120 commuted. The average number of hours worked is 38.2. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts2288
Services1260
Sales and Office1087
Construction and Maintenance:665
Transportation and Material Moving816





Housing

The median home value for the 01562 zip code is 309500. There is an estimated  5186 number of occupied housing units, the median gross rent in is $919 per month, and the average monthly housing costs are estimated to be $1169. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,000150
$50,000 – $99,00017
$100,000 – $149,99979
$150,000 – $199,999232
$200,000 – $299,9991082
$300,000 – $499,9991441
$500,000 – $999,999309
$1,000,000+21

Home Year BuiltNumber of Homes
2020 or Later0
2010 – 2019259
2000 – 2009440
1980 – 1999955
1960 – 19791562
1940 – 1959757
1939 or earlier1213

The median number of rooms in all housing units is 5.5 rooms.
Monthly Rent ($ USD)Number of Units
Less than $500288
$500 – $999706
$1,000 – $1,499588
$1,500 – $1,999107
$2,000 – $2,4990
$2,499 – $2,9990
$3,000 + 0

Monthly Housing Costs ($)Number of Households
Less than 30069
300-499363
500-7991096
800-999644
1000-14991097
1500-1999749
2000-2499634
2500-2999238
3000+130

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%853
20%-24.9%405
25%-29.9%314
30%-34.9%95
35+%378



# of VehiclesHouseholds
None480
11544
21975
3+1187
Home Heating Characteristics: 
  • Utility Gas: 19.9 %
  • Bottle Tank or LP Gas: 5.3 %
  • Electricity: 22.9 %
  • Oil or Kerosene etc: 44.4 %
  • Coal or Coke: 0 %
  • All Other: 6.7 %

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All information sourced from official government sources including Census.gov, the IRS, and the Department of Education.