What is the cost of living in Hobbs, NM?
According to the most recent data on the cost of living, Hobbs has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to New Mexico, Hobbs has a cost of living index that's 1.0x lower than New Mexico's index of 93.
The standard of living in Hobbs ranks as #17 most affordable out of the 45 places we measured in New Mexico. By definition, that implies Hobbs ranks as the #28 most expensive place in the Land of Enchantment.
For more reading on life in Hobbs, check out:
Hobbs Cost Of Living Vs. New Mexico
Six factors go into calculating the cost of living index in Hobbs. Here is how it fares on each of the criteria:
The Services index in Hobbs is 99.
The Groceries index in Hobbs is 97.
The Health index in Hobbs is 86.
The Housing index in Hobbs is 98.
The Transportation index in Hobbs is 98.
The Utilities index in Hobbs is 93.
| Living Expense | Hobbs | New Mexico | National Average |
|---|---|---|---|
| Overall | 91 | 93 | 100 |
| Services | 99 | 98 | 100 |
| Groceries | 97 | 96 | 100 |
| Health | 86 | 86 | 100 |
| Housing | 98 | 99 | 100 |
| Transportation | 98 | 95 | 100 |
| Utilities | 93 | 94 | 100 |
Hobbs Cost Of Living Compared To New Mexico Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New Mexico, check out:
Protect your home budget Compare home warranties in Hobbs Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Hobbs, NM Housing Cost Breakdown
Housing swings affordability the most between places in New Mexico, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Hobbs is $207,135.
The Median Rent in Hobbs is $1,112.
The Median Income in Hobbs is $64,021.
The Home Value To Income in Hobbs is 3.2x.
The Rent To Monthly Income in Hobbs is 0.21x.
| Statistic | Hobbs | New Mexico | United States |
|---|---|---|---|
| Median Home Value | $207,135 | $316,750 | $332,700 |
| Median Rent | $1,112 | $1,067 | $1,413 |
| Median Income | $64,021 | $64,059 | $80,734 |
| Home Value To Income | 3.2x | 4.9x | 4.1x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.21x |
Hobbs, NM Costs By Category
Detailed Hobbs Services costs vs. New Mexico
| Item | Hobbs | New Mexico |
|---|---|---|
| Shampoo | $1.15 | $1.28 |
| Movie | $11.7 | $12.13 |
| Bowling | $17.73 | $18 |
| Haircut | $27.73 | $24.26 |
| Beauty Salon | $70.27 | $45.56 |
Detailed Hobbs Groceries costs vs. New Mexico
| Item | Hobbs | New Mexico |
|---|---|---|
| Ground Beef | $5.5 | $5.84 |
| Fried Chicken | $1.67 | $1.57 |
| Milk | $4.58 | $4.67 |
| Potatoes | $4.86 | $4.93 |
| Pizza | $11.64 | $12.09 |
| Beer | $10.47 | $10.41 |
| Toothpaste | $3.61 | $3.7 |
Detailed Hobbs Health costs vs. New Mexico
| Item | Hobbs | New Mexico |
|---|---|---|
| Optometrist | $134.65 | $125.68 |
| Doctor | $146.52 | $135.78 |
| Dentist | $122.61 | $113.29 |
Detailed Hobbs Transportation costs vs. New Mexico
| Item | Hobbs | New Mexico |
|---|---|---|
| Gasoline | $3.06 | $3.46 |
| Tire Balancing | $61.55 | $59.92 |
Detailed Hobbs Utilities costs vs. New Mexico
| Item | Hobbs | New Mexico |
|---|---|---|
| All Electricity | $137.32 | $193.99 |
| Phone | $207.58 | $192.25 |
Hobbs SnackAbility
Cost Of Living In Cities Around Hobbs
The cost of living varies in the cities and towns around Hobbs. Here's a quick look at the cost of living in the most populous nearby places:
Andrews, TX has a cost of living index of 99, 1.1x Hobbs.
Lovington, NM has a cost of living index of 90, 1.0x Hobbs.
Seminole, TX has a cost of living index of 87, 1.0x Hobbs.
| City | Population | Cost Of Living | Vs. Hobbs |
|---|---|---|---|
| Andrews, TX | 13,468 | 99 | 1.1x |
| Lovington, NM | 11,498 | 90 | 1.0x |
| Seminole, TX | 7,184 | 87 | 1.0x |
| North Hobbs, NM | 6,034 | 99 | 1.1x |
