Agua Fria, NM vs Spencerville, NM

Agua Fria, NM and Spencerville, NM have a very similar cost of living, with only a 2.8% difference in their overall index. Agua Fria scores 89 while Spencerville scores 87 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Agua Fria is $1,143/month compared to $1,169/month in Spencerville — a 2% difference. Interestingly, home values tell a different story: while Agua Fria has cheaper rent, Spencerville actually has lower median home values ($255,400 vs $264,900).

Median household income in Agua Fria is $47,438 compared to $60,708 in Spencerville (-21.9%). Spencerville offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Agua Fria spend roughly 28.9% of their income on rent, more than the 23.1% in Spencerville.