Living in North Hobbs, New Mexico
Cost of living, income, home prices, rent and demographics of North Hobbs · Census data 2020–2024
North Hobbs has 6,034 residents with a median age of 31.7. The median household income is $82,554 (29% higher than the New Mexico median), the median home value is $264,400, the median rent is $1,319/month.
North Hobbs at a glance
- Population
- 6,034
- Median age
- 31.7State: 39.4
- Median household income
- $82,554State: $64,059
- Median home value
- $264,400State: $248,100
- Median rent
- $1,319/moState: $1,067
- Homeowners
- 85.6%
- Bachelor's degree or higher
- 12.1%
- Average commute
- 21 min
Is North Hobbs a good place to live?
Pros: Median household income 29% higher than the New Mexico median; an average commute of 21 minutes; a poverty rate of 12.8%.
Cons: Home values 7% higher than the state median; unemployment of 6.1%.
The weather is best in March to May and October.
Cost of living in North Hobbs
Housing is the biggest part of the cost of living. In North Hobbs the median home value is $264,400, 21% lower than the U.S. median. Renters pay a median of $1,319 per month, which is 19% of household income. Homeowners with a mortgage pay $1,767 a month in housing costs.
North Hobbs median household income
The median household income in North Hobbs is $82,554 and the income per person is $31,262. 12.8% of residents live below the poverty line (New Mexico: 17.8%).
Housing in North Hobbs: homes for sale and rent
- Housing units
- 1,967
- Owner-occupied
- 85.6%
- Renter-occupied
- 14.4%
- Vacant
- 9.7%Includes seasonal homes
- Median year built
- 1987
- Average household size
- 3.40
North Hobbs demographics
- Population
- 6,034
- Median age
- 31.7
- Under 18
- 29.5%
- 65 and older
- 11%
- Households
- 1,777
- Foreign-born
- 18.1%
- Veterans
- 3.1%Adults 18+
Hispanic or Latino can be of any race. Population history of North Hobbs ›
Education in North Hobbs
12.1% of adults 25 and older in North Hobbs have a bachelor's degree or higher (New Mexico: 31%), and 4.2% have a graduate or professional degree.
Jobs and commute in North Hobbs
- Unemployment rate
- 6.1%State: 6%
- Average commute
- 21 minState: 24 min
- Work from home
- 1.3%
- Drive alone
- 74.5%
- Public transit
- 0%
- Walk to work
- 0.7%
- Homes with broadband
- 89.8%
North Hobbs vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| North Hobbs | 6,034 | $82,554 | $264,400 | $1,319 |
| Hobbs | 40,252 | $64,021 | $191,300 | $1,112 |
| Nadine | 271 | $120,074 | $221,000 | — |
| Lovington | 11,498 | $68,821 | $166,100 | $1,014 |
| Denver City | 4,368 | $85,250 | $172,800 | $1,030 |
| Eunice | 3,015 | $49,087 | $139,800 | $721 |
| 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 North Hobbs
North Hobbs ZIP code ›Weather and climate ›Living in North Hobbs: FAQ
What is the median household income in North Hobbs, NM?
The median household income in North Hobbs is $82,554, 29% higher than 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 North Hobbs?
The median home value in North Hobbs is $264,400, compared with $248,100 in New Mexico.
How much is rent in North Hobbs?
The median gross rent in North Hobbs is $1,319 per month, about 19% of household income.
Is North Hobbs, NM a good place to live?
Pluses: median household income 29% higher than the New Mexico median; an average commute of 21 minutes; a poverty rate of 12.8%. Minuses: home values 7% higher than the state median; unemployment of 6.1%.
What is the median age in North Hobbs?
The median age in North Hobbs is 31.7 years (New Mexico: 39.4).
How long is the commute in North Hobbs?
The average commute to work in North Hobbs is 21 minutes; 1.3% of workers work from home.
What is the unemployment rate in North Hobbs?
The unemployment rate in North Hobbs is 6.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is North Hobbs?
12.1% of adults in North 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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