Moving to Hobbs
What you need to know before relocating to Hobbs, New Mexico. Data-driven insights on housing, jobs, safety, and quality of life.
Is Hobbs a Good Place to Live?
Hobbs presents a mixed picture. Prospective residents should weigh the tradeoffs carefully. Key considerations: median household income ($55,736) trails the national median; violent crime rate (749/100k) exceeds the national average.
Hobbs at a Glance
Cost of Living in Hobbs
The median rent in Hobbs is $1,173/month, while the median home value is $197,200. With a median household income of $55,736, residents spend roughly 25% of monthly income on rent.
Overall, the Hobbs metro area is classified as average compared to other US metros.
Job Market
Hobbs has a median household income of $55,736, which is 25% below the national median. The local unemployment rate is 3.1%, compared to the national average of 3.7%.
Safety in Hobbs
The violent crime rate in Hobbs is 749 per 100,000 residents, which is 97% above the national average of 380.
Property crime rate: 2887 per 100,000 residents.
Education in New Mexico
New Mexico has a high school graduation rate of 88% and per-pupil spending of $14,687/year. The student-to-teacher ratio is 16:1.
29% of New Mexico adults hold a bachelor's degree or higher.
Healthcare Access
New Mexico has 262 physicians per 100,000 residents, a 10.3% uninsured rate, and 2.8 hospital beds per 1,000 people. Life expectancy in New Mexico is 76.2 years.
Pros and Cons of Living in Hobbs
+Pros
- ✓Rent ($1,173/mo) is below the national average
- ✓Home prices ($197,200) are well below the US median
- ✓Low unemployment rate (3.1%) signals a strong job market
-Cons
- ✗Median household income ($55,736) trails the national median
- ✗Violent crime rate (749/100k) exceeds the national average
- ✗Longer-than-average commute (32262 min)
Frequently Asked Questions
Is Hobbs a good place to live?⌄
Hobbs has both advantages and drawbacks. Prospective residents should weigh median household income ($55,736) trails the national median and violent crime rate (749/100k) exceeds the national average against other lifestyle factors.
What is the cost of living in Hobbs?⌄
The median rent in Hobbs is $1,173/month and the median home value is $197,200. The median household income is $55,736. Overall the metro is considered average.
Is Hobbs safe?⌄
Hobbs has a violent crime rate of 749 incidents per 100,000 residents. The national average is approximately 380 per 100,000.
What is the job market like in Hobbs?⌄
Hobbs has an unemployment rate of 3.1%, compared to the national average of 3.7%. The median household income is $55,736.