Housing costs in Hobbs?
A typical home costs
$157,100, which is 53.5% less expensive than the national average of
$338,100 and 41.2% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Hobbs costs
$1,050 per month, which is 26.6% cheaper than the national average of
$1,430 and 2.9% more than the state average of
$1,020.
Can I afford Hobbs?
To live comfortably in Hobbs, New Mexico, a minimum annual income of
$30,240 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Hobbs?
Hobbs, NM offers an affordable cost of living compared to other cities in the United States. The median home value is around $119,000, with a median household income of $45,157. This makes it possible for residents to live comfortably without breaking the bank. Additionally, the cost of basic necessities such as groceries and healthcare are also relatively low. These features make Hobbs an attractive option for those looking for a place to call home without having to pay through the nose.