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Economy in Hobbs, New Mexico

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

EconomyHobbs, NMUnited States
Unemployment Rate3.50%6.30%
Recent Job Growth5.14%1.18%
Future Job Growth46.80%36.10%
Sales Taxes6.81%6.00%
Income Taxes4.90%4.72%
Income per Cap.$21,234$28,051
Household Income$47,654$53,046
Family Median Income$55,445$64,585
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K14.94%12.61%
Income between 15K and 20K6.23%5.33%
Income between 20K and 30K10.84%10.57%
Income between 30K and 40K10.63%9.90%
Income between 40K and 50K8.87%8.95%
Income between 50K and 60K7.31%8.08%
Income between 60K and 75K10.24%10.09%
Income between 75K and 100K12.79%12.25%
Income between 100K and 150K12.76%12.82%
Income between 150K and 200K2.87%4.78%
Income greater than 200K2.53%4.64%
POPULATION BY OCCUPATION
Management, business, finance8.91%14.36%
Engineering, computers, science2.69%5.24%
Community, social services0.99%1.66%
Legal0.06%1.17%
Education, library7.02%6.10%
Arts, design, media, sports, entertainment1.36%1.88%
Healthcare practitioners and technology3.26%5.49%
Healthcare support1.91%2.47%
Firefighters, law enforcement2.21%2.24%
Food preparation, serving5.19%5.61%
Building maintenance3.19%3.97%
Personal care2.59%3.54%
Sales, office, administrative support23.11%24.89%
Farming, fishing, forestry0.94%0.73%
Construction, extraction, maintenance/repair22.08%8.56%
Production, transportation, material moving14.52%12.10%

The unemployment rate in Hobbs, NM, is 3.50%, with job growth of 5.14%. Future job growth over the next ten years is predicted to be 46.80%.

Hobbs, NM Taxes

Hobbs, NM,sales tax rate is 6.81%. Income tax is 4.90%.

Hobbs, NM Income and Salaries

The income per capita is $21,234, which includes all adults and children. The median household income is $47,654.


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