Hobbs, NM Cost Of Living
Hobbs's Overall Cost Of Living
Lower Than The National Average
In New Mexico
In America
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 88 which is 0.9x lower than the national index of 100.
Compared to only New Mexico, Hobbs has a cost of living index that's 1.0x lower than New Mexico's index of 92.
The standard of living in Hobbs ranks as #1,278 most affordable out of the 6,418 places we measured in New Mexico. By definition, that implies Hobbs ranks as the #5,140 most expensive place in the Land of Enchantment.
Hobbs Cost Of Living Vs. New Mexico
| Living Expense | Hobbs | New Mexico | National Average | |
|---|---|---|---|---|
| Overall | 88 | 92 | 100 | |
| Services | 96 | 92 | 100 | |
| Groceries | 93 | 94 | 100 | |
| Health | 102 | 98 | 100 | |
| Housing | 69 | 87 | 100 | |
| Transportation | 96 | 88 | 100 | |
| Utilities | 101 | 91 | 100 | |
Hobbs, NM Housing Cost Breakdown
Housing swings affordability the most between places in New Mexico, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Median Home Value
Median Rent
Median Income
| Statistic | Hobbs | New Mexico | United States |
|---|---|---|---|
| Median Home Value | $144,000 | $175,700 | $229,800 |
| Median Rent | $923 | $857 | $1,096 |
| Median Income | $57,646 | $51,243 | $64,994 |
| Home Value To Income | 2.5x | 3.4x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.2x |
Detailed Hobbs Services Costs Vs. New Mexico
| Item | Hobbs | New Mexico |
|---|---|---|
| Shampoo | $1.03 | $1.06 |
| Movie | $9.38 | $10.68 |
| Bowling | $12.5 | $14.67 |
Detailed Hobbs Groceries Costs Vs. New Mexico
| Item | Hobbs | New Mexico |
|---|---|---|
| Ground Beef | $3.98 | $4.22 |
| Fried Chicken | $1.15 | $1.39 |
| Milk | $1.73 | $2.05 |
Detailed Hobbs Health Costs Vs. New Mexico
| Item | Hobbs | New Mexico |
|---|---|---|
| Haircut | $19.2 | $18.62 |
| Beauty Salon | $35.0 | $39.05 |
| Toothpaste | $2.27 | $2.34 |
Detailed Hobbs Transportation Costs Vs. New Mexico
| Item | Hobbs | New Mexico |
|---|---|---|
| Potatoes | $1.97 | $3.29 |
| Pizza | $12.33 | $10.62 |
| Beer | $10.43 | $9.38 |
| Optometrist | $122.5 | $108.57 |
| Doctor | $136.25 | $116.17 |
| Dentist | $90.0 | $99.13 |
Detailed Hobbs Utilities Costs Vs. New Mexico
| Item | Hobbs | New Mexico |
|---|---|---|
| Gasoline | $2.06 | $2.22 |
| Tire Balancing | $49.53 | $50.07 |
| All Electricity | $164.79 | $167.67 |
| Phone | $184.35 | $175.64 |
Hobbs SnackAbility
/10
Cost Of Living In Cities Around Hobbs
| City | Population | Cost Of Living | Vs. Hobbs |
|---|---|---|---|
| Andrews, TX | 13,797 | 90 | 1.0x |
| Lovington, NM | 11,400 | 86 | 1.0x |
| Seminole, TX | 7,683 | 89 | 1.0x |
| North Hobbs, NM | 5,860 | 96 | 1.1x |
