Hobbs, New Mexico vs. Santa Teresa, New Mexico

Cost of Living Comparison

The cost of living in Santa Teresa, New Mexico is 10.0% more expensive than Hobbs, New Mexico.

You would need a salary of $54,987 in Santa Teresa, New Mexico to maintain the standard of living you have in Hobbs, New Mexico.
Comparison highlights
• Overall, Santa Teresa, New Mexico is more expensive than Hobbs, New Mexico
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
77% more expensive in Santa Teresa
than in Hobbs, New Mexico
Hobbs, NM vs. Santa Teresa, NM
Compared to Hobbs, Santa Teresa is:
  Homeowner
      No Child Care, Taxes not Considered
  10.0% higher
      Child Care, Taxes not Considered
      Child Care, Taxes Considered
      No Child Care, Taxes Considered
  Renter
      No Child Care, Taxes not Considered
      Child Care, Taxes not Considered
      Child Care, Taxes Considered
      No Child Care, Taxes Considered
  Food
  3.2% higher
  Housing (Homeowner)
  44.4% higher
  Housing (Rent)
  Median Home Cost
  Utilities
  15.2% higher
  Commute
  9.2% higher
  Health
  1.6% lower
  Taxes
  Childcare
  Personal
  0.6% higher