Housing costs in Hobbs?
A typical home costs
$149,700, which is 55.7% less expensive than the national average of
$338,100 and 44.0% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Hobbs costs
$1,020 per month, which is 28.7% cheaper than the national average of
$1,430 and close to the state average of
$1,020.
Can I afford Hobbs?
To live comfortably in Hobbs New Mex Metro Area, New Mexico, a minimum annual income of
$28,800 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Hobbs?
Hobbs, NM Metro Area has an incredibly low cost of living compared to the U.S. average. The cost of living in Hobbs is 79.3 while the US average is 100. That means that a consumer will have 20.7% more purchasing power when living in Hobbs than they would elsewhere in the US. Additionally, the median value of houses in Hobbs is $149,700 which is significantly lower than the US average house value which stands at $338,100. This makes Hobbs an ideal place to live if you want to save money and enjoy a lower cost of living without sacrificing too much on quality of life or amenities available.