Cost of Living in North Hobbs, NM
Population 6,099 · New Mexico · Data vintage 2023
(100 = US avg)
Incomes in North Hobbs punch well above what you'd expect from a town of 6,099. The reason is straightforward: extraction-sector wages. Median household earnings of $89,279 pair with home values that remain well below the national median. At 9.7%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Located 75 miles northwest of Odessa, North Hobbs is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 12% higher than Odessa's $208,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in North Hobbs
The median home value in North Hobbs is $233,200 — 24% below the national median of $305,000. Median rent runs $1,109/month, 16% lower than the national median of $1,314/month. The median household income of $89,279/year is 20% higher than the US median of $74,580. The local unemployment rate is 9.7%, above the national average of 4.8%. New Mexico's top state income tax rate is 5.9% and the combined sales tax is 7.7%. The climate averages highs of 80.1°F and lows of 50.9°F. Overall, North Hobbs has a cost of living index of 80 versus the US average of 100, meaning it is 20% less expensive.
North Hobbs has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 60 | 65 | 74 | 83 | 90 | 98 | 97 | 96 | 89 | 81 | 69 | 60 |
| Low °F | 30 | 34 | 42 | 50 | 60 | 69 | 72 | 71 | 64 | 51 | 38 | 31 |
| Precip" | 0.49 | 0.40 | 0.72 | 0.47 | 1.40 | 1.27 | 1.53 | 1.38 | 1.55 | 1.18 | 0.49 | 0.50 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in North Hobbs, NM?
North Hobbs has a cost index of 80 (100 = national average). It is 20% below the national average.
What is average rent in North Hobbs, NM?
The median gross rent in North Hobbs is $1,109 per month based on 2023 Census data.
What is the average home price in North Hobbs?
The median home value in North Hobbs is $233,200 according to 2023 Census ACS data.
What is the median income in North Hobbs?
The median household income in North Hobbs is $89,279 per year (2023 ACS 5-year estimates).
What is the sales tax in North Hobbs, NM?
The combined state and local sales tax rate in North Hobbs is 7.7%. The New Mexico state income tax top rate is 5.9%.
Is North Hobbs, NM affordable?
Yes, North Hobbs is generally considered affordable, with a cost of living index of 80 — about 20% below the US national average of 100.
What is the weather like in North Hobbs?
North Hobbs has average high temperatures of 80.1°F and average lows of 50.9°F. Annual precipitation is 11.4". Data from NOAA 1991–2020 Climate Normals.
North Hobbs at a Glance
- Population
- 6,099
- Median Income
- $89,279
- Home Value
- $233,200
- Median Rent
- $1,109/mo
- Unemployment
- 9.7%
- Avg High Temp
- 80.1°F
- Sales Tax
- 7.7%
Explore county-level cost of living data
New Mexico Rankings
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