Hobbs, NM
40,252Residents
$64,021Median household income
$1,112/moMedian gross rent
$191,300Median home value
32.5Median age
17%Adults with a bachelor’s degree or higher
66%Homes lived in by their owners
3.0×Home value to household income
Median rent takes about 21% of the median household income in Hobbs.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $44,000 a year. In New Mexico that leaves roughly $2,948 a month after tax. See the full paycheck breakdown for $45,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.