Spencerville, NM is a small city located in the Southwestern United States. It provides a peaceful atmosphere for its residents with plenty of outdoor activities to enjoy, such as hiking trails and fishing spots. The local economy is bolstered by businesses like R&T Auto Repair, Poppy's Cafe & Bar, and Southwest Bank. The town also boasts several educational institutions such as the Valley High School and Spencerville Community College. When it comes to entertainment options, visitors can check out the Spencerville Zoo or take a ride on one of the area's many horseback riding trails. All in all, Spencerville is a great place to live with plenty to offer its residents and visitors alike.
Spencerville has an unemployment rate of 9.7%. The US average is 6.0%.
Spencerville has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 18.2%, which is lower than the US average of 33.5%.
Tax Rates for Spencerville
- The Sales Tax Rate for Spencerville is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Spencerville is 4.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Spencerville
- The average income of a Spencerville resident is $22,502 a year. The US average is $28,555 a year.
- The Median household income of a Spencerville resident is $66,845 a year. The US average is $69,021 a year.