Spearman, TX
Population 2,809 · Texas
About Spearman, TX
Spearman is a small town located in Texas with a population of 2,809 residents according to the latest US Census Bureau American Community Survey data. The median household income is $66,903 per year, which is 11% below the national median of $75,149. The median age of 40.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Spearman features a median home value of $135,100, which is 45% below the national median of $244,900. This makes Spearman one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $694, 40% below the national average of $1,163/month. Of the 1,300 total housing units, 74% are owner-occupied (771 units) and 26% are renter-occupied (270 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Spearman shows an unemployment rate of 8.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 7.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Spearman have an average one-way commute time of 26.2 minutes.
Education & Demographics
29.6% of Spearman residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 51.4% White, 0.3% Hispanic or Latino, 2.5% Black or African American, and 0.7% Asian residents, with 17.7% of the population being foreign-born.
Cost of Living in Spearman, TX
Compared to national averages, Spearman has a median household income of $66,903 (11% below the national median of $75,149). Home values average $135,100, which is 45% below the national median. Monthly rent at $694 is 40% below the US average of $1,163. Within Texas, Spearman's income is 8% below the state average of $72,726, and home values are 36% below the state median of $211,769.
Why Live in Spearman, TX?
Spearman offers affordable housing with a median home value of $135,100, below the US average of $244,900, and rent that’s lower than the national average at $694/month, and a low poverty rate of 7.7%, better than the national average.
Potential considerations include median household income ($66,903) that falls below the national average. However, Spearman’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Spearman has a population of 2,809 with a median age of 40.8 years. Compare Spearman with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Spearman
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Holly Lake Ranch | 2,821 | $77,245 | $239,400 | Compare |
| Liberty City | 2,826 | $82,800 | $202,800 | Compare |
| Winnie | 2,787 | $75,227 | $173,300 | Compare |
| Roman Forest | 2,832 | $120,313 | $288,400 | Compare |
| La Paloma | 2,836 | $60,333 | $79,500 | Compare |
| Combine | 2,780 | $92,360 | $267,500 | Compare |
| Indian Hills | 2,779 | $27,019 | $58,000 | Compare |
| St. Hedwig | 2,839 | $117,617 | $290,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Spearman With Other Cities
Frequently Asked Questions about Spearman
What is the population of Spearman, TX?
The population of Spearman, TX is 2,809 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Texas.
What is the median household income in Spearman?
The median household income in Spearman, TX is $66,903 per year, which is 11% below the national median of $75,149.
What is the median home value in Spearman?
The median home value in Spearman, TX is $135,100, which is 45% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Spearman?
The median monthly rent in Spearman, TX is $694, which is 40% below the national average of $1,163/month.
What is the unemployment rate in Spearman?
The unemployment rate in Spearman, TX is 8.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Spearman, TX a good place to live?
Spearman offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,809 and a median age of 40.8, the city appeals to a broad range of residents.
How educated is Spearman, TX?
29.6% of residents in Spearman 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 Spearman?
Key cost-of-living indicators for Spearman, TX: median home value is $135,100 (45% below national), median rent is $694/month, and median household income is $66,903. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Spearman?
The poverty rate in Spearman, TX is 7.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Spearman, TX?
Spearman's population is 51.4% White, 0.3% Hispanic or Latino, 2.5% Black or African American, 0.7% Asian, and 0.4% two or more races. 17.7% of residents are foreign-born.