HOUSING * INCOME * CAPITAL

The cost of housing, whether buying, renting, or building, is one of the key factors which contributes to the low cost of living in Spearman. In many cases, people moving to Spearman can sell a home in another part of the country, then build a comparable home in Spearman and have money left to put into the bank. Consider these facts: 



 
Demographics

Spearman                                       National Average

Population                      3508                                            8385
Median Age                     35.27 years                                 36.00 years
Median Income              $35412                                      $36169.94
% of Single Households    35.79%                                       40.55%
% of Married Housholds   64.21%                                       59.40%
% w/children                   73.09%                                       72.14%
Average size                      2.63 people                                 4.05 people
% of College or better       21.44%                                      20.37%
% White Collar                  45.54%                                      46.00%


 
Cost of Living

      Spearman                                         National Average

COL Index                        105                                              100
Avg Utility Cost               $2734.56                                      $2567.34
Avg Consumer Exp         $39055.26 per year                       $37034.21 per year
Avg Education Exp          $352.16    per year                        $359.07    per year
Avg Entertainment Exp    $2075.68  per year                        $1965.76   per year
Avg Transportation Exp   $8028.59  per year                        $7475.12  per year
Avg Retail Exp                $17663.25 per year                       $16934.35 per year
Avg Non-retail Exp          $21392.01 per year                       $20096.54 per year

AVERAGE COST PER SQ FT

for existing home: High=$40 Medium=$30 Low=$20
for a new home: High=$65 Medium=$60 Low=$55
Typical lot size: 75' x 125' to 100' x 140'
Typical lot cost: $2,000 to $5,000

AVERAGE LOST COST

per frontage foot : $35 to $80
Typical rent for 1,200 - 1,500 sqft three bedroom home: $350 - $400 per month

AVERAGE MONTHLY APARTMEN RENTAL

1 bedroom= $240 for  800 sq ft
2 bedroom= $250 for  1000 sq ft
3 bedroom =$350 for 1100 sq ft

Spearman enjoys a robust economic base as evidenced by the following statistics
Median Family Income Deposits per Capita Unemployment
Spearman: $32,535 *1 $37,500 *2 4.0% *4
State avg: $31,553 *1 $8,100 *2 6.1% *5
  1. 2000 census
  2. as of November '00
  3. based on 12/99 total state deposits and fall '00  population forecast by state comptroller
  4. 2000 census
  5. Texas Comptroller of Public accounts, 10/00 issue of fiscal notes
Quality of Life

Spearman                                             National Average

Avg Winter Hi Temp            58.83 degrees                              40.70 degrees
Avg Winter Lo Temp            32.10 degrees                              19.35 degrees
Avg Summer Hi Temp         92.12 degrees                              86.40 degrees
Avg Summer Lo Temp         67.80 degrees                              62.48 degrees
Average Precipitation           33.45 inches                                 37.69 inches
Air Quality Index                   4                                                    3.42
Total Crime Index                 41                                                  100 (per county average)
Personal Crime Index           39                                                  100 (per county average)
Property Crime Index           42                                                  100 (per county average)
Culture Index                         72                                                  86.95


 
Home Page Send me Info Tour

The Spearman Connection Copyright ©1996