Median Income
$63,804
household / year
Median Home Value
$165,000
owner-occupied
Median Rent
$1,067
gross / month
Cost of Living
94
national avg = 100

Is Hobbs, NM a Good Place to Live?

Hobbs is a small city of 39,782 in New Mexico, with a median household income of $63,804 and a 7.4% unemployment rate. Its cost of living index is 94 (US average = 100), which is 6% below the national average.

Strengths: Hobbs stands out for an affordable cost of living, below-average home prices, short average commutes.

Trade-offs: Potential downsides include a higher-than-average crime index, an elevated unemployment rate. Whether Hobbs is right for you depends on your priorities — the full breakdown is below.

All Hobbs city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 94.2

Hobbs's overall cost of living index is 94.2, where 100 represents the US national average. Living in Hobbs costs roughly 6% less than the average American city.

Metric Hobbs, NM National Avg
Median Home Value $165,000 $244,900
Median Monthly Rent $1,067 $1,163
Homeownership Rate 61.4% 65.9%
Median Household Income $63,804 $74,755

Crime & Safety

High Crime

Hobbs's violent crime rate is 790.3 per 100,000 residents — 108% higher than the national average of ~380 per 100,000.

Violent Crime
790.3 /100k
Property Crime
3751.4 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Hobbs is served primarily by HOBBS. The student-to-teacher ratio is 16.4:1 (slightly above the national average of ~16:1).

Metric Hobbs, NM National Avg
School District HOBBS —
Elementary Schools 13 —
Middle Schools 3 —
High Schools 2 —
Student/Teacher Ratio 16.4:1 16:1
Bachelor's Degree or Higher 15.7% 35.4%
High School Diploma or Higher 77.3% 91.1%

Weather & Climate

Hobbs sees average highs of 55.1°F in January and 94.1°F in July, with 13.8 inches of annual precipitation and 1.8 inches of snow per year.

MetricHobbs, NM
Average High — January55.1°F
Average High — July94.1°F
Annual Precipitation13.8"
Annual Snowfall1.8"

Demographics

MetricHobbs, NMNational Avg
Population39,782—
Median Age30.838.9
Unemployment Rate7.4%3.7%
Avg Commute Time24.0 min26 min
White (non-Hispanic)57.7%59.3%
Black or African American5.9%13.6%
Hispanic or Latino33.2%18.9%
Asian1.0%6.3%
Under 1829.5%22.2%
65 and over10.3%16.8%

Nearby Cities

ZIP Codes in Hobbs

Hobbs, NM is covered by 2 ZIP codes:

Hobbs vs Other Cities

Frequently Asked Questions

Hobbs's cost of living index is 94, where 100 is the national average. That makes Hobbs roughly 6% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $165,000 and median rent is $1,067/month.
Hobbs's violent crime rate is 790.3 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 3751.4 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Hobbs are operated by HOBBS. The district has 13 elementary, 3 middle, and 2 high schools. The student-to-teacher ratio is 16.4:1. 15.7% of adults 25+ hold a bachelor's degree or higher.
Hobbs, NM has a population of 39,782, a median household income of $63,804, and an unemployment rate of 7.4%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Hobbs averages 55.1°F in January and 94.1°F in July. Annual rainfall is 13.8 inches with about 1.8 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Hobbs, NM is covered by 2 ZIP codes: 88240, 88244.
The population of Hobbs, New Mexico is 39,782 with a median age of 30.8. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Hobbs: cost of living index 94 (100 = US average), median home $165,000, median household income $63,804, crime index 196 (100 = US average, lower is safer), schools rated C+. Whether these are benefits or drawbacks depends on where you're coming from — compare Hobbs side by side with your current city to see the trade-offs.