Chimayo, NM vs Spencerville, NM

Chimayo is moderately more affordable than Spencerville, with a 12.8% lower cost of living index. Chimayo scores 76 compared to 87 for Spencerville, where the US average is 100. This difference means residents of Spencerville can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Chimayo is $834/month compared to $1,169/month in Spencerville — a 29% difference. Home values follow the same pattern: Chimayo is more affordable at $214,000 median vs $255,400.

Median household income in Chimayo is $52,305 compared to $60,708 in Spencerville (-13.8%). While Spencerville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Chimayo spend roughly 19.1% of their income on rent, less than the 23.1% in Spencerville.