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Economy

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  ECONOMY OVERVIEW
  

The unemployment rate in Hobbs, New Mexico, is 9.30%, with job growth of -5.44%. Future job growth over the next ten years is predicted to be 19.81%.

Hobbs, New Mexico Taxes
Hobbs, New Mexico,sales tax rate is 6.81%. Income tax is 4.90%.

Hobbs, New Mexico Income and Salaries

The income per capita is $22,115, which includes all adults and children. The median household income is $53,750.


  ECONOMYHobbs, New MexicoUnited States
  Unemployment Rate  9.30%5.20%
  Recent Job Growth  -5.44%1.59%
  Future Job Growth  19.81%37.98%
  Sales Taxes  6.81%6.00%
  Income Taxes  4.90%4.60%
  Income per Cap.  $22,115$28,555
  Household Income  $53,750$53,482
  Family Median Income  $59,739$65,443
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting  1.26%1.35%
  Mining, quarrying, oil and gas extraction  16.60%0.61%
  Construction  8.84%6.19%
  Manufacturing  3.91%10.41%
  Wholesale trade  5.16%2.72%
  Retail trade  10.58%11.55%
  Transportation and warehousing  5.34%4.11%
  Utilities  00
  Information  0.68%2.12%
  Finance and insurance  2.03%4.69%
  Real estate, rental, leasing  1.47%1.89%
  Professional, scientific, technical services  4.20%6.68%
  Management of companies  0.00%0.08%
  Administrative, support, waste mgt svcs  3.29%4.27%
  Educational services  7.56%9.34%
  Health care and social assistance  8.22%13.81%
  Arts, entertainment, recreation  1.67%2.16%
  Accommodation, food services  8.16%7.44%
  Other services  5.08%4.94%
  Public administration  4.09%4.80%

  ECONOMY MAP

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Reviews for Hobbs


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Hobbs

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  10/10/2015
Hobbs, New Mexico

Hobbs, New Mexico is a growing city on the eastern edge of the New Mexico- texas border. The people are friendly and hard working. The school system is in the top tier... (Read More)

 99

 82

  2/17/2010
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)

 114

 128

  4/6/2008
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)

 132

 104


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