88240 Hobbs, NM is an affordable place to live with an estimated 2 bedroom rent of $1,040 compared to the United States rent of $1,430. For people living in this area, there are a variety of amenities available to them. Popular companies such as Pennzoil-Quaker State Company, Tesoro Refining & Marketing Co and ConocoPhillips Petroleum Co are within the vicinity of 88240 Hobbs, NM. Additionally, there is an array of grocery stores including Albertsons and Walmart with a Grocery Cost Index 93 versus 100 in the US. The recreational activities nearby include movies at Premiere Cinema 8 Movie theater and visiting the many parks such as Woody Hall Park or Harry McAdams Park. Furthermore, residents can enjoy shopping at North Plains Mall or its surrounding retail stores. With all these amenities available in 88240 Hobbs, NM it provides great value for money to those looking for an affordable place to live.
Hobbs (zip 88240) has an unemployment rate of 12.1%. The US average is 6.0%.
Hobbs (zip 88240) has seen the job market increase by 7.8% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Hobbs (zip 88240)
- The Sales Tax Rate for Hobbs (zip 88240) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Hobbs (zip 88240) is 4.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hobbs (zip 88240)
- The average income of a Hobbs (zip 88240) resident is $21,731 a year. The US average is $28,555 a year.
- The Median household income of a Hobbs (zip 88240) resident is $58,931 a year. The US average is $69,021 a year.