Spencerville, NM
Population 1,100 · New Mexico
About Spencerville, NM
Spencerville is a small town located in New Mexico with a population of 1,100 residents according to the latest US Census Bureau American Community Survey data. The median household income is $60,708 per year, which is 19% below the national median of $75,149. The median age of 54.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Spencerville features a median home value of $255,400, which is 4% above the national median of $244,900. This positions Spencerville in a moderately priced market relative to the rest of the country. Median monthly rent is $1,169, 1% above the national average of $1,163/month. Of the 495 total housing units, 80% are owner-occupied (356 units) and 20% are renter-occupied (87 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Spencerville shows an unemployment rate of 5.2%, which is near the national rate of 3.7%. The poverty rate stands at 13.5%, above the national average of 12.4%. Workers in Spencerville have an average one-way commute time of 19 minutes, one of the shorter commutes in the region.
Education & Demographics
15.7% of Spencerville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 16.1% White, 1.5% Hispanic or Latino, 0.0% Black or African American, and 8.5% Asian residents, with 2.1% of the population being foreign-born.
Cost of Living in Spencerville, NM
Compared to national averages, Spencerville has a median household income of $60,708 (19% below the national median of $75,149). Home values average $255,400, which is 4% above the national median. Monthly rent at $1,169 is 1% above the US average of $1,163. Within New Mexico, Spencerville's income is 10% below the state average of $67,435, and home values are 9% above the state median of $233,762.
Why Live in Spencerville, NM?
Spencerville offers short commute times averaging just 19 minutes.
Potential considerations include median household income ($60,708) that falls below the national average. However, Spencerville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Spencerville has a population of 1,100 with a median age of 54.4 years. Compare Spencerville with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Spencerville
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Springer | 1,098 | $48,188 | $94,800 | Compare |
| Black Rock | 1,108 | $55,350 | $80,000 | Compare |
| Ponderosa Pine | 1,091 | $83,864 | $295,500 | Compare |
| Angel Fire | 1,089 | $79,821 | $476,200 | Compare |
| Tesuque | 1,087 | $52,273 | $877,600 | Compare |
| Talpa | 1,126 | $59,323 | $356,300 | Compare |
| Williams Acres | 1,069 | $0 | $0 | Compare |
| Hurley | 1,137 | $41,167 | $82,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Mexico
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Spencerville With Other Cities
Frequently Asked Questions about Spencerville
What is the population of Spencerville, NM?
The population of Spencerville, NM is 1,100 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Mexico.
What is the median household income in Spencerville?
The median household income in Spencerville, NM is $60,708 per year, which is 19% below the national median of $75,149.
What is the median home value in Spencerville?
The median home value in Spencerville, NM is $255,400, which is 4% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Spencerville?
The median monthly rent in Spencerville, NM is $1,169, which is 1% above the national average of $1,163/month.
What is the unemployment rate in Spencerville?
The unemployment rate in Spencerville, NM is 5.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Spencerville, NM a good place to live?
Spencerville offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 1,100 and a median age of 54.4, the city appeals to established professionals and retirees.
How educated is Spencerville, NM?
15.7% of residents in Spencerville aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Spencerville?
Key cost-of-living indicators for Spencerville, NM: median home value is $255,400 (4% above national), median rent is $1,169/month, and median household income is $60,708. The home-value-to-income ratio is 4.2x, a moderate figure by national standards.
What is the poverty rate in Spencerville?
The poverty rate in Spencerville, NM is 13.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Spencerville, NM?
Spencerville's population is 16.1% White, 1.5% Hispanic or Latino, 0.0% Black or African American, 8.5% Asian, and 0.0% two or more races. 2.1% of residents are foreign-born.