Living in Hobbs, New Mexico
Cost of living, income, home prices, rent and demographics of Hobbs · Census data 2020–2024
Hobbs has 40,252 residents with a median age of 32.5. The median household income is $64,021 (about the same as the New Mexico median), the median home value is $191,300, the median rent is $1,112/month.
Hobbs at a glance
- Population
- 40,252
- Median age
- 32.5State: 39.4
- Median household income
- $64,021State: $64,059
- Median home value
- $191,300State: $248,100
- Median rent
- $1,112/moState: $1,067
- Homeowners
- 66%
- Bachelor's degree or higher
- 17.3%
- Average commute
- 24 min
Is Hobbs a good place to live?
Pros: Home values 23% lower than the state median.
Cons: Median household income about the same as the New Mexico median; an average commute of 24 minutes; unemployment of 6.3%; a poverty rate of 19.7%.
The weather is best in March to May and October.
Cost of living in Hobbs
Housing is the biggest part of the cost of living. In Hobbs the median home value is $191,300, 43% lower than the U.S. median. Renters pay a median of $1,112 per month, which is 28.9% of household income. Homeowners with a mortgage pay $1,828 a month in housing costs.
Hobbs median household income
The median household income in Hobbs is $64,021 and the income per person is $32,862. 19.7% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Hobbs: homes for sale and rent
- Housing units
- 16,117
- Owner-occupied
- 66%
- Renter-occupied
- 34%
- Vacant
- 11.8%Includes seasonal homes
- Median year built
- 1980
- Average household size
- 2.72
Hobbs demographics
- Population
- 40,252
- Median age
- 32.5
- Under 18
- 27.8%
- 65 and older
- 11.9%
- Households
- 14,211
- Foreign-born
- 18.3%
- Veterans
- 3.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Hobbs ›
Education in Hobbs
17.3% of adults 25 and older in Hobbs have a bachelor's degree or higher (New Mexico: 31%), and 7.5% have a graduate or professional degree.
Jobs and commute in Hobbs
- Unemployment rate
- 6.3%State: 6%
- Average commute
- 24 minState: 24 min
- Work from home
- 2.3%
- Drive alone
- 76.1%
- Public transit
- 0.3%
- Walk to work
- 2.2%
- Homes with broadband
- 86.5%
Hobbs vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hobbs | 40,252 | $64,021 | $191,300 | $1,112 |
| North Hobbs | 6,034 | $82,554 | $264,400 | $1,319 |
| Nadine | 271 | $120,074 | $221,000 | — |
| Lovington | 11,498 | $68,821 | $166,100 | $1,014 |
| Eunice | 3,015 | $49,087 | $139,800 | $721 |
| Denver City | 4,368 | $85,250 | $172,800 | $1,030 |
| Seminole | 7,184 | $60,390 | $177,000 | $858 |
| Plains | 1,235 | $76,985 | $133,300 | $864 |
| Seagraves | 2,691 | $46,433 | $68,400 | $654 |
More for people moving to Hobbs
Hobbs ZIP code ›Weather and climate ›Living in Hobbs: FAQ
What is the median household income in Hobbs, NM?
The median household income in Hobbs is $64,021, about the same as the New Mexico median of $64,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Hobbs?
The median home value in Hobbs is $191,300, compared with $248,100 in New Mexico.
How much is rent in Hobbs?
The median gross rent in Hobbs is $1,112 per month, about 28.9% of household income.
Is Hobbs, NM a good place to live?
Pluses: home values 23% lower than the state median. Minuses: median household income about the same as the New Mexico median; an average commute of 24 minutes; unemployment of 6.3%; a poverty rate of 19.7%.
What is the median age in Hobbs?
The median age in Hobbs is 32.5 years (New Mexico: 39.4).
How long is the commute in Hobbs?
The average commute to work in Hobbs is 24 minutes; 2.3% of workers work from home.
What is the unemployment rate in Hobbs?
The unemployment rate in Hobbs is 6.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hobbs?
17.3% of adults in Hobbs have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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