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CITY

Spencerville

New Mexico · 1,264 residents · 5.255 sq mi
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The short version

Spencerville has roughly average household income, with a median household income of $78,899. Population has held roughly steady since 2023. 18% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value is $255,000. With a median age of 56.8, the population is older than the US median of 38.9.

At a glance
Average income
near the US median
US median: $82,259
Older
median age 56.8
US median: 38.9
Less educated
18% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
1,264
+15%since 2023
from 1,100 in 2023
2010 – 2024
Population density
241 / sq mi
+15%since 2023
from 209 / sq mi in 2023
US average: 281
Median age
56.8
+4%since 2023
from 54.4 in 2023
US average: 38.9
Population, 2010 – 2024
1K1K1K2K2K201020202024Spencerville
20241K
201020202024
Section 02

Income & economy

Median household income
$78,899
+26%inflation adjusted, since 2023
from $60,708 in 2023
US average: $82,259
2010 – 2024
Per capita income
$30,520
+12%since 2023
from $27,312 in 2023
US average: $44,673
Households earning $100K+
58.6%
+18.0 ptssince 2023
from 40.6% in 2023
US average: 53.3%
Poverty rate
11.6%
−1.8 ptssince 2023
from 13.5% in 2023
US average: 12.5%
Income inequality (Gini)
0.335
−13%since 2023
from 0.383 in 2023
US average: 0.476
Workforce by industry, 2024
Information21.3%
US avg: 10.8%
Finance & insurance19%
US avg: 5.9%
Professional, scientific, technical17%
US avg: 5.1%
Wholesale trade7.3%
US avg: 6.9%
Agriculture, forestry, fishing2.6%
US avg: 1.6%
Construction2.6%
US avg: 1.2%
Education & health services2%
US avg: 0.9%
Retail trade1.4%
US avg: 9.9%
Manufacturing0%
US avg: 0.4%
Transportation & warehousing0%
US avg: 2.2%
Arts, entertainment, food0%
US avg: 1.9%
Other services0%
US avg: 6.7%
Public administration0%
US avg: 4.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$255,000
−3%inflation adjusted, since 2023
from $255,400 in 2023
US average: $376,019
2010 – 2024
Median gross rent
$1,301
+8%inflation adjusted, since 2023
from $1,169 in 2023
US average: $1,442
Owner-occupied
86.1%
+5.8 ptssince 2023
from 80.4% in 2023
13.9% rent
Vacancy rate
5.6%
−4.9 ptssince 2023
from 10.5% in 2023
US average: 10.0%
Owner cost-burdened
24.3%
−9.1 ptssince 2023
from 33.4% in 2023
US average: 22.9%
Renter cost-burdened
72.9%
+5.1 ptssince 2023
from 67.8% in 2023
US average: 47.4%
Afford Score
3.2
−23%since 2023
from 4.2 in 2023
2010 – 2024
Gentrification Score
63
RELATED:See current rent listings in Spencerville on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic74.1%(815)
Black0%(0)
Hispanic / Latino24.5%(270)
Asian0%(0)
Other1.4%(15)
Diversity Score48.8%(537)
2024
White, non-Hispanic49.8%(630)
Black0%(0)
Hispanic / Latino17.8%(225)
Asian0%(0)
Other32.4%(409)
Diversity Score76.9%(972)
Diversity Score
77
+57%since 2023
from 49 in 2023
2010 – 2024
Section 05

Education

Bachelor's degree or higher
17.9%
+2.2 ptssince 2023
from 15.7% in 2023
US average: 35.6%
High school or higher
97.9%
+1.8 ptssince 2023
from 96.1% in 2023
US average: 89.6%
Graduate degree
1.8%
−0.4 ptssince 2023
from 2.2% in 2023
US average: 14.0%
Section 06

Commute & transportation

Average commute
15.2 min
−20%since 2023
from 19.0 min in 2023
US average: 26.5
Drive alone to work
66.7%
+0.2 ptssince 2023
from 66.4% in 2023
US average: 68.9%
Carpooled to work
14.6%
+12.5 ptssince 2023
from 2.2% in 2023
US average: 8.5%
Public transit
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 3.2%
Worked from home
11.4%
−14.5 ptssince 2023
from 25.8% in 2023
US average: 15.0%
Walked to work
7.3%
+1.8 ptssince 2023
from 5.6% in 2023
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
No vehicle available
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
3.3%
−2.0 ptssince 2023
from 5.2% in 2023
US average: 5.2%
Labor force participation
47.1%
+1.4 ptssince 2023
from 45.7% in 2023
US average: 63.5%
Self-employed
9.9%
−14.6 ptssince 2023
from 24.5% in 2023
US average: 13.1%
Management & professional
30.6%
+7.7 ptssince 2023
from 22.9% in 2023
US average: 42.5%
Section 08

People & community

Male
52.8%
−1.4 ptssince 2023
from 54.2% in 2023
Female
47.2%
+1.4 ptssince 2023
from 45.8% in 2023
Foreign born
1.7%
−0.4 ptssince 2023
from 2.1% in 2023
US average: 14.1%
Veterans
12.0%
+2.1 ptssince 2023
from 9.9% in 2023
US average: 6.2%
With a disability
12.9%
+4.0 ptssince 2023
from 8.9% in 2023
US average: 13.3%
Uninsured
6.6%
+1.3 ptssince 2023
from 5.3% in 2023
US average: 8.4%
Broadband at home
84.7%
+8.9 ptssince 2023
from 75.8% in 2023
US average: 91.0%
English only at home
89.8%
−4.4 ptssince 2023
from 94.2% in 2023
US average: 77.7%
Spanish at home
1.1%
−4.7 ptssince 2023
from 5.8% in 2023
US average: 13.6%
Drill deeper

Places similar to Spencerville

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Pop 1,209
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Head to head

Compare Spencerville to nearby cities

SPENCERVILLE VS
Farmington
Income$68,784−13%
Home value$233,000−9%
Population46,055+3544%
SEE FULL COMPARISON →
SPENCERVILLE VS
Durango
Income$78,602same
Home value$668,400+162%
Population19,733+1461%
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SPENCERVILLE VS
Cortez
Income$54,247−31%
Home value$272,900+7%
Population9,126+622%
SEE FULL COMPARISON →
SPENCERVILLE VS
Gallup
Income$58,303−26%
Home value$165,200−35%
Population19,969+1480%
SEE FULL COMPARISON →
Frequently asked

How many people live in Spencerville, New Mexico?

Spencerville, New Mexico has about 1,264 residents according to the 2024 American Community Survey.

What is the median household income in Spencerville, New Mexico?

The typical household in Spencerville, New Mexico earns about $78,899 a year. Half of households make more than that, and half make less.

Is Spencerville, New Mexico expensive?

In Spencerville, New Mexico, the median home is worth about $255,000, and the typical rent is about $1,301 a month.

How educated are people in Spencerville, New Mexico?

About 17.9% of adults age 25 and over in Spencerville, New Mexico hold a bachelor's degree or higher.

What is the poverty rate in Spencerville, New Mexico?

About 11.6% of people in Spencerville, New Mexico live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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