In the year 1842, the town of Spiceland was founded and has a population of 890. It was named after the spice-bush shrubbery. The town attracted Native Americans because of its stream and springs. The town's first settlers were mainly North Carolinians. Some of them were members of the Society of Friends, an organization of young people who wanted to live in a quieter community.
Crime rates vary across the city. Crime rates are higher in parts of northeast Spiceland compared to the south. Some areas are safer than others, but the crime rate in some parts of the city is inflated. Crime rates are not always higher in the retail districts, though. For this reason, it is important to note that the crime rate map of Spiceland does not always reflect the level of danger in a specific neighborhood.
The rent burden of a city measures the proportion of household income spent on rental housing. It is a useful measure of affordability. The rent burden of Spiceland is slightly higher than the state average, at 29.8%, but neighboring cities have rent burdens higher than that of Spiceland. In comparison, Sulphur Springs and Fountain City have rent burdens of 35.0% and 34.2% respectively. In Spiceland, 22.7% of homes are occupied by renters.
As of the 2010 census, the median age of residents was 39.5 years. There were 15.9% of residents under 18 years, 14.7% of people between 25 and 44, and 13.9% of people over 65 years old. The population of Spiceland City was overwhelmingly male, with a male outnumbering a female nine times to one. The gender composition of the town was 49.1% for every 100 female residents and 51.0% for males.