| Index | Spencer | Indiana | National |
| Average Test Scores | 45% | 46% | 48% |
| Student/Teacher ratio | 40:1 | 22:1 | 16:1 |
| Total public schools | 4 | 1,755 | 79,221 |
| Total private schools | 1 | 675 | 24,874 |
| Total post-secondary schools | n/a | 141 | 7,963 |
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| Index | Spencer | Indiana | National |
| Completed 8th grade | 77.2% | 84.6% | 84.3% |
| Completed high school | 75.9% | 82.9% | 83.0% |
| Completed some college | 43.3% | 53.8% | 59.4% |
| Completed associate degree | 16.8% | 33.0% | 38.5% |
| Completed bachelors | 11.4% | 24.6% | 30.3% |
| Completed masters | 3.7% | 8.9% | 11.5% |
| Completed professional degree | 0.6% | 2.4% | 3.3% |
| Completed doctorate | 0.0% | 1.0% | 1.3% |
There are a total of 4 public schools, 1 private schools and n/a post-secondary schools in Spencer. Using the proficiency score averages, the average test scores for Spencer, IN schools is 45%. The average student to teacher ratio is 40:1. In Spencer, IN, an average of 77.2% of students have completed 8th grade and an average of 75.9% have completed high school.
| City | Population | Avg. Test Scores | National Avg. |
| Worthington, IN | 1,539 | 62% | 29.2% |
| Paragon, IN | 467 | 60% | 24.0% |
| Ellettsville, IN | 6,650 | 57% | 18.1% |
| Bloomington, IN | 84,691 | 56% | 17.3% |
| Gosport, IN | 1,052 | 55% | 13.5% |
| Spencer, IN | 2,224 | 45% | 7.3% |
| City | Population | Avg. Test Scores | National Avg. |
| Wesson, MS | 2,224 | 49% | 2.1% |
| Sumner, IA | 2,224 | 71% | 47.9% |
| Granby, MO | 2,224 | 48% | 0.5% |
| Fort Kent, ME | 2,223 | 39% | 19.8% |
| Park Falls, WI | 2,225 | 36% | 25.5% |
| Spencer, IN | 2,224 | 45% | 7.3% |
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