A vibration motor includes a base portion arranged to extend perpendicularly to a central axis extending in a vertical direction; a shaft having a lower end fixed to the base portion, and arranged to project upward along the central axis; a circuit board arranged above the base portion; a single annular coil attached to the circuit board, and arranged to have the shaft arranged inside thereof; a bearing portion attached to the shaft to be rotatable with respect to the shaft above the coil; a rotor holder attached to the bearing portion; a magnet portion including a plurality of magnetic poles, and attached to the rotor holder; an eccentric weight attached to the rotor holder; a spacer attached to the shaft between the bearing portion and the coil, and including an upper surface arranged to be in contact with a lower surface of the bearing portion; and a cover portion arranged to cover, at least in part, upper and lateral sides of the rotor holder and the eccentric weight, and fixed to an upper end of the shaft and an outer edge portion of the base portion. The spacer includes a lower surface arranged opposite to an upper surface of the coil in the vertical direction.