Living in Spencerville, New Mexico
Cost of living, income, home prices, rent and demographics of Spencerville · Census data 2020–2024
Spencerville has 1,264 residents with a median age of 56.8. The median household income is $78,899 (23% higher than the New Mexico median), the median home value is $255,000, the median rent is $1,301/month.
Spencerville is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Spencerville at a glance
- Population
- 1,264
- Median age
- 56.8State: 39.4
- Median household income
- $78,899State: $64,059
- Median home value
- $255,000State: $248,100
- Median rent
- $1,301/moState: $1,067
- Homeowners
- 86.1%
- Bachelor's degree or higher
- 17.9%
- Average commute
- 15 min
Is Spencerville a good place to live?
Pros: Median household income 23% higher than the New Mexico median; an average commute of 15 minutes; unemployment of 3.3%; a poverty rate of 11.6%.
Cons: Home values about the same as the state median.
The weather is best in April–May and September–October.
Cost of living in Spencerville
Housing is the biggest part of the cost of living. In Spencerville the median home value is $255,000, 23% lower than the U.S. median. Renters pay a median of $1,301 per month, which is 51% of household income. Homeowners with a mortgage pay $1,696 a month in housing costs.
Spencerville median household income
The median household income in Spencerville is $78,899 and the income per person is $30,520. 11.6% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Spencerville: homes for sale and rent
- Housing units
- 450
- Owner-occupied
- 86.1%
- Renter-occupied
- 13.9%
- Vacant
- 5.6%Includes seasonal homes
- Median year built
- 1982
- Average household size
- 2.97
Spencerville demographics
- Population
- 1,264
- Median age
- 56.8
- Under 18
- 17.6%
- 65 and older
- 33.4%
- Households
- 425
- Foreign-born
- 1.7%
- Veterans
- 12%Adults 18+
Hispanic or Latino can be of any race. Population history of Spencerville ›
Education in Spencerville
17.9% of adults 25 and older in Spencerville have a bachelor's degree or higher (New Mexico: 31%), and 1.8% have a graduate or professional degree.
Jobs and commute in Spencerville
- Unemployment rate
- 3.3%State: 6%
- Average commute
- 15 minState: 24 min
- Work from home
- 11.4%
- Drive alone
- 66.7%
- Public transit
- 0%
- Walk to work
- 7.3%
- Homes with broadband
- 84.7%
Spencerville vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Spencerville | 1,264 | $78,899 | $255,000 | $1,301 |
| Flora Vista | 2,770 | $44,352 | $219,300 | $1,495 |
| South River | 1,810 | $68,668 | $260,100 | — |
| Aztec | 6,150 | $41,977 | $175,000 | $629 |
| Crouch Mesa | 4,812 | $63,750 | $89,200 | $1,040 |
| Center Point | 2,286 | $51,358 | $193,000 | $1,396 |
| Bloomfield | 7,395 | $48,472 | $161,200 | $984 |
| Farmington | 46,314 | $68,784 | $233,000 | $1,037 |
| Lee Acres | 4,272 | $44,583 | $187,400 | $1,077 |
More for people moving to Spencerville
Spencerville ZIP code ›Weather and climate ›Living in Spencerville: FAQ
What is the median household income in Spencerville, NM?
The median household income in Spencerville is $78,899, 23% higher than the New Mexico median of $64,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Spencerville?
The median home value in Spencerville is $255,000, compared with $248,100 in New Mexico.
How much is rent in Spencerville?
The median gross rent in Spencerville is $1,301 per month, about 51% of household income.
Is Spencerville, NM a good place to live?
Pluses: median household income 23% higher than the New Mexico median; an average commute of 15 minutes; unemployment of 3.3%; a poverty rate of 11.6%. Minuses: home values about the same as the state median.
What is the median age in Spencerville?
The median age in Spencerville is 56.8 years (New Mexico: 39.4).
How long is the commute in Spencerville?
The average commute to work in Spencerville is 15 minutes; 11.4% of workers work from home.
What is the unemployment rate in Spencerville?
The unemployment rate in Spencerville is 3.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Spencerville?
17.9% of adults in Spencerville have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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