Housing costs in North Hobbs?
A typical home costs
$212,700, which is 37.1% less expensive than the national average of
$338,100 and 20.4% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in North Hobbs costs
$1,010 per month, which is 1.0% cheaper than the national average of
$1,020 and close to the state average of
$1,020.
Can I afford North Hobbs?
To live comfortably in North Hobbs (zip 88242), New Mexico, a minimum annual income of
$40,680 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 88242 North Hobbs, NM is quite affordable compared to other cities across the US. The median home value is $132,400 which is much lower than the national median home value of $231,200. Renters can expect to pay an average of $739 per month for a one bedroom apartment, while a three bedroom will cost around $1,078. The local grocery stores offer reasonably priced items and food prices are below the national average. The overall cost of living is slightly lower than the national average and provides an excellent quality of life at an affordable price.