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ZipNumbers

New Mexico · Census place 32520

Hobbs city, NM

Quick answer

Hobbs city has 39,887 residents, ranking #7 of 527 places in New Mexico. Median household income is $65,691, the median home is worth $180,700 and median gross rent runs $1,132 a month.

Population
39,887Hobbs city residents
Median household income
$65,691Past 12 months, inflation adjusted
Median home value
$180,700Owner-occupied units
Median gross rent
$1,132Rent plus utilities, monthly
Median age
31.7 yrsAll residents
Homeownership rate
62.8%Owner-occupied households

What the numbers mean in Hobbs city

Housing cost measured against local earnings.

A household earning the Hobbs city median would spend about 20.7% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 20.5% of residents and 62.8% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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