Economy in Hobbs, New Mexico
Overview,
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| Unemployment Rate | 4.00% | 8.60% |
| Recent Job Growth | 4.06% | 0.35% |
| Future Job Growth | 44.12% | 32.10% |
| Sales Taxes | 6.69% | 5.00% |
| Income Taxes | 4.90% | 4.70% |
| Income per Cap. | $18,622 | $26,154 |
| Household Income | $39,827 | $50,935 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 17.93% | 12.37% |
| Income between 15K and 25K | 13.38% | 10.53% |
| Income between 25K and 35K | 12.91% | 10.88% |
| Income between 35K and 50K | 16.87% | 15.37% |
| Income between 50K and 75K | 18.13% | 20.14% |
| Income between 75K and 100K | 9.57% | 12.41% |
| Income between 100K and 150K | 7.67% | 11.27% |
| Income between 150K and 250K | 2.49% | 5.01% |
| Income between 250K and 500K | 0.94% | 1.86% |
| Income greater than 500K | 0.10% | 0.16% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 8.91% | 14.04% |
| Professional and Related Occupations | 16.26% | 20.61% |
| Service | 17.28% | 14.45% |
| Sales and Office | 24.33% | 26.75% |
| Farming, Fishing, and Forestry | 1.38% | 0.70% |
| Construction, Extraction, and Maintenance | 17.75% | 9.42% |
| Production, Transportation, and Material Moving | 14.09% | 14.05% |
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
