Cost of Living in Hobbs, NM
Overall index: 75 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Overall
75
↓ -25% vs US
Cost Breakdown by Category
Housing
52
↓ -48% vs US
$792 Median rent (1BR)
Transportation
106
↑ +6% vs US
$3.50 Gas price (gal)
Food
88
↓ -12% vs US
$361 Groceries / month
Utilities
76
↓ -24% vs US
$94 Utilities / month
Healthcare
76
↓ -24% vs US
$68 Doctor visit
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 52 | -48% | $792 |
| Transportation | 106 | +6% | $3.50 |
| Food | 88 | -12% | $361 |
| Utilities | 76 | -24% | $94 |
| Healthcare | 76 | -24% | $68 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Hobbs?
A single adult living comfortably in Hobbs, NM needs approximately $26,250 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Hobbs, NM?
The overall cost of living in Hobbs, NM is 25% lower than the US national average (index: 75 where 100 = national average).
How much is rent in Hobbs, NM?
Average rent for a 1-bedroom apartment in Hobbs, NM is about $792/month.
Is Hobbs, NM expensive to live in?
No, Hobbs, NM is affordable (below national average).
What salary do I need to live in Hobbs, NM?
A single adult needs roughly $26,250/year to cover basic living costs in Hobbs, NM.