Economy in Hobbs, New Mexico
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Economy
| Unemployment Rate | 6.00% | 9.10% |
| Recent Job Growth | -1.50% | -0.12% |
| Future Job Growth | 31.00% | 31.25% |
| Sales Taxes | 6.69% | 6.80% |
| Income Taxes | 5.30% | 6.25% |
| Income per Cap. | $19,981 | $27,067 |
| Household Income | $39,759 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 18.78% | 12.10% |
| Income between 15K and 25K | 13.81% | 10.18% |
| Income between 25K and 35K | 12.12% | 10.56% |
| Income between 35K and 50K | 16.67% | 14.98% |
| Income between 50K and 75K | 17.90% | 19.53% |
| Income between 75K and 100K | 9.15% | 12.52% |
| Income between 100K and 150K | 7.48% | 12.14% |
| Income between 150K and 250K | 2.06% | 3.91% |
| Income between 250K and 500K | 1.55% | 3.34% |
| Income greater than 500K | 0.49% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 7.25% | 13.81% |
| Professional and Related Occupations | 14.12% | 22.68% |
| Service | 13.83% | 14.51% |
| Sales and Office | 20.05% | 25.22% |
| Farming, Fishing, and Forestry | 0.76% | 0.68% |
| Construction, Extraction, and Maintenance | 15.81% | 9.37% |
| Production, Transportation, and Material Moving | 19.04% | 15.86% |
The unemployment rate in Hobbs, NM, is 6.00%, with job growth of -1.50%. Future job growth over the next ten years is predicted to be 31.00%.
Hobbs, NM Taxes
Hobbs, NM,sales tax rate is 6.69%. Income tax is 5.30%.
Hobbs, NM Income and Salaries
The income per capita is $19,981, which includes all adults and children. The median household income is $39,759.
Hobbs Economy SperlingViews
Lousy place to live: Hobbs is the worst place in the U.S. to live. People that live here are snobs and they aren't helpful at all. Forget about getting a job here. If they don't like you,... (read more)Hobbs - Pros/Cons: Pros:
1. Extremely low cost of living and housing for region
2. Affordable place to live
3. Nice physical setting and climate
Cons:
1. Very high crime rate
2.... (read more)Have an opinion about Hobbs? Leave a commentTo See All SperlingViews for Hobbs Click Here
