Housing costs in North Hobbs?
A typical home costs
$240,400, which is 28.9% less expensive than the national average of
$338,100 and 10.0% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in North Hobbs costs
$1,000 per month, which is 30.1% cheaper than the national average of
$1,430 and 2.0% cheaper than the state average of
$1,020.
Can I afford North Hobbs?
To live comfortably in North Hobbs, New Mexico, a minimum annual income of
$46,080 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about North Hobbs?
The cost of living in North Hobbs, NM is relatively affordable compared to many larger cities. Housing prices are reasonable, with the median home price hovering around $100,000. Renting is also a popular option and one-bedroom units typically cost between $500 and $700 per month. Groceries, healthcare, utilities and transportation are all much lower than the national average as well. With its beautiful weather and small-town charm, North Hobbs is an attractive option for those looking to enjoy a low-cost lifestyle without sacrificing quality of life.