Living in Spearman, Texas
Cost of living, income, home prices, rent and demographics of Spearman · Census data 2020–2024
Spearman has 2,810 residents with a median age of 40.9. The median household income is $68,617 (13% lower than the Texas median), the median home value is $124,000, the median rent is $1,125/month.
Spearman at a glance
- Population
- 2,810
- Median age
- 40.9State: 35.6
- Median household income
- $68,617State: $78,476
- Median home value
- $124,000State: $283,800
- Median rent
- $1,125/moState: $1,403
- Homeowners
- 82.1%
- Bachelor's degree or higher
- 35.9%
- Average commute
- 25 min
Is Spearman a good place to live?
Pros: Home values 56% lower than the state median; an average commute of 25 minutes; a poverty rate of 7.7%.
Cons: Median household income 13% lower than the Texas median; unemployment of 10.6%.
The weather is best in April–May and September–October.
Cost of living in Spearman
Housing is the biggest part of the cost of living. In Spearman the median home value is $124,000, 63% lower than the U.S. median. Renters pay a median of $1,125 per month, which is 45.4% of household income. Homeowners with a mortgage pay $1,705 a month in housing costs.
Spearman median household income
The median household income in Spearman is $68,617 and the income per person is $35,413. 7.7% of residents live below the poverty line (Texas: 13.8%).
Housing in Spearman: homes for sale and rent
- Housing units
- 1,316
- Owner-occupied
- 82.1%
- Renter-occupied
- 17.9%
- Vacant
- 19.5%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 2.59
Spearman demographics
- Population
- 2,810
- Median age
- 40.9
- Under 18
- 27.4%
- 65 and older
- 15.3%
- Households
- 1,059
- Foreign-born
- 17.2%
- Veterans
- 6.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Spearman ›
Education in Spearman
35.9% of adults 25 and older in Spearman have a bachelor's degree or higher (Texas: 33.8%), and 11.6% have a graduate or professional degree.
Jobs and commute in Spearman
- Unemployment rate
- 10.6%State: 5.3%
- Average commute
- 25 minState: 27 min
- Work from home
- 2.3%
- Drive alone
- 89.5%
- Public transit
- 0%
- Walk to work
- 1.3%
- Homes with broadband
- 87.3%
Spearman vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Spearman | 2,810 | $68,617 | $124,000 | $1,125 |
| Gruver | 1,280 | $72,857 | $111,700 | $918 |
| Morse | 373 | $62,596 | $74,900 | $620 |
| Perryton | 8,585 | $69,514 | $126,500 | $1,005 |
| Hardesty | 404 | $87,808 | $47,600 | $510 |
| Stinnett | 1,170 | $44,904 | $98,400 | $1,202 |
| Goodwell | 1,122 | $88,424 | $127,700 | $820 |
| Sunray | 2,628 | $66,488 | $132,000 | $972 |
| Guymon | 12,539 | $60,075 | $182,000 | $887 |
More for people moving to Spearman
Spearman ZIP code ›Weather and climate ›Living in Spearman: FAQ
What is the median household income in Spearman, TX?
The median household income in Spearman is $68,617, 13% lower than the Texas median of $78,476 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Spearman?
The median home value in Spearman is $124,000, compared with $283,800 in Texas.
How much is rent in Spearman?
The median gross rent in Spearman is $1,125 per month, about 45.4% of household income.
Is Spearman, TX a good place to live?
Pluses: home values 56% lower than the state median; an average commute of 25 minutes; a poverty rate of 7.7%. Minuses: median household income 13% lower than the Texas median; unemployment of 10.6%.
What is the median age in Spearman?
The median age in Spearman is 40.9 years (Texas: 35.6).
How long is the commute in Spearman?
The average commute to work in Spearman is 25 minutes; 2.3% of workers work from home.
What is the unemployment rate in Spearman?
The unemployment rate in Spearman is 10.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Spearman?
35.9% of adults in Spearman 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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