Median Income
$71,705
household / year
Median Home Value
$209,900
owner-occupied
Median Rent
$897
gross / month
Cost of Living
94
national avg = 100

Is Spencerville, NM a Good Place to Live?

Spencerville is a small town of 1,174 in New Mexico, with a median household income of $71,705 and a 3.0% unemployment rate. Its cost of living index is 94 (US average = 100), which is 6% below the national average.

Strengths: Spencerville stands out for an affordable cost of living, below-average home prices, short average commutes.

Trade-offs: No major red flags stand out in the available data. Whether Spencerville is right for you depends on your priorities — the full breakdown is below.

All Spencerville city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 94.0

Spencerville's overall cost of living index is 94.0, where 100 represents the US national average. Living in Spencerville costs roughly 6% less than the average American city.

Metric Spencerville, NM National Avg
Median Home Value $209,900 $244,900
Median Monthly Rent $897 $1,163
Homeownership Rate 75.3% 65.9%
Median Household Income $71,705 $74,755

Crime & Safety

Near National Average

Spencerville's violent crime rate is 612.3 per 100,000 residents — 61% higher than the national average of ~380 per 100,000.

Violent Crime
612.3 /100k
Property Crime
1406.9 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Metric Spencerville, NM National Avg
School District N/A —
Elementary Schools N/A —
Middle Schools N/A —
High Schools N/A —
Student/Teacher Ratio N/A 16:1
Bachelor's Degree or Higher 15.6% 35.4%
High School Diploma or Higher 90.7% 91.1%

Weather & Climate

Spencerville sees average highs of 46.0°F in January and 93.9°F in July, with 10.1 inches of annual precipitation and 10.9 inches of snow per year.

MetricSpencerville, NM
Average High — January46.0°F
Average High — July93.9°F
Annual Precipitation10.1"
Annual Snowfall10.9"

Demographics

MetricSpencerville, NMNational Avg
Population1,174—
Median Age45.538.9
Unemployment Rate3.0%3.7%
Avg Commute Time23.0 min26 min
White (non-Hispanic)93.0%59.3%
Black or African American0.0%13.6%
Hispanic or Latino1.3%18.9%
Asian0.0%6.3%
Under 1813.5%22.2%
65 and over27.6%16.8%

Nearby Cities

Spencerville vs Other Cities

Frequently Asked Questions

Spencerville's cost of living index is 94, where 100 is the national average. That makes Spencerville roughly 6% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $209,900 and median rent is $897/month.
Spencerville's violent crime rate is 612.3 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1406.9 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
School district information is sourced from NCES Common Core of Data.
Spencerville, NM has a population of 1,174, a median household income of $71,705, and an unemployment rate of 3.0%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Spencerville averages 46.0°F in January and 93.9°F in July. Annual rainfall is 10.1 inches with about 10.9 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
The population of Spencerville, New Mexico is 1,174 with a median age of 45.5. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Spencerville: cost of living index 94 (100 = US average), median home $209,900, median household income $71,705, crime index 123 (100 = US average, lower is safer). Whether these are benefits or drawbacks depends on where you're coming from — compare Spencerville side by side with your current city to see the trade-offs.