Memphis, Tennessee vs. Hobbs, New Mexico

Cost of Living Comparison

The cost of living in Hobbs, New Mexico is 2.2% more expensive than Memphis, Tennessee.

You would need a salary of $40,877 in Hobbs, New Mexico to maintain the standard of living you have in Memphis, Tennessee.
Comparison highlights
• Overall, Hobbs, New Mexico is more expensive than Memphis, Tennessee
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
5% more expensive in Hobbs
than in Memphis, Tennessee
Memphis, TN vs. Hobbs, NM
Compared to Memphis, Hobbs is:
  Homeowner
      No Child Care, Taxes not Considered
  2.2% higher
      Child Care, Taxes not Considered
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      Child Care, Taxes Considered
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      No Child Care, Taxes Considered
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  Renter
      No Child Care, Taxes not Considered
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      Child Care, Taxes not Considered
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      Child Care, Taxes Considered
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      No Child Care, Taxes Considered
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  Food
  0.5% lower
  Housing (Homeowner)
  63.9% higher
  Housing (Rent)
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  Median Home Cost
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  Utilities
  10.9% lower
  Commute
  24.0% lower
  Health
  9.1% lower
  Taxes
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  Childcare
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  Personal
  9.8% higher
Cost of Food
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