Cost of Living in Spearman, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
93.1
100 = national avg
-6.9 vs national average
Living Wage (1 Adult)
$40,980
per year
Living Wage (Family of 4)
$96,862
per year
Cost Index by Category
Housing78.7
Food101.1
Transportation102.3
Healthcare100.9
Utilities96.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$848
per month
2 Bedroom
$1,113
per month
The overall cost of living index in Spearman is 93.1, which is 6.9% below the national average. Housing costs are below the national average at an index of 78.7. A single adult needs to earn approximately $40,980 per year to cover basic expenses.