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Economy in Hobbs, New Mexico

Overview, People, Health, Economy, Housing, Rankings, Climate
Crime, Comments, Transportation, Cost of Living, Religion, Voting

EconomyHobbs, NMUnited States
Unemployment Rate4.00%8.60%
Recent Job Growth4.06%0.35%
Future Job Growth44.12%32.10%
Sales Taxes6.69%5.00%
Income Taxes4.90%4.70%
Income per Cap.$18,622$26,154
Household Income$39,827$50,935
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K17.93%12.37%
Income between 15K and 25K13.38%10.53%
Income between 25K and 35K12.91%10.88%
Income between 35K and 50K16.87%15.37%
Income between 50K and 75K18.13%20.14%
Income between 75K and 100K9.57%12.41%
Income between 100K and 150K7.67%11.27%
Income between 150K and 250K2.49%5.01%
Income between 250K and 500K0.94%1.86%
Income greater than 500K0.10%0.16%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations8.91%14.04%
Professional and Related Occupations16.26%20.61%
Service17.28%14.45%
Sales and Office24.33%26.75%
Farming, Fishing, and Forestry1.38%0.70%
Construction, Extraction, and Maintenance17.75%9.42%
Production, Transportation, and Material Moving14.09%14.05%


Median Household Income

The unemployment rate in Hobbs, NM, is 4.00%, with job growth of 4.06%. Future job growth over the next ten years is predicted to be 44.12%.

Hobbs, NM Taxes

Hobbs, NM,sales tax rate is 6.69%. Income tax is 4.90%.

Hobbs, NM Income and Salaries

The income per capita is $18,622, which includes all adults and children. The median household income is $39,827.


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