Hobbs, NM
Population 39,887 · New Mexico
About Hobbs, NM
Hobbs is a mid-sized city in New Mexico with a population of 39,887 residents. The median household income is $65,691 per year, which is near the national average. The median age in Hobbs is 31.7 years.
Housing in Hobbs has a median home value of $180,700 and median monthly rent of $1,132. Of the 15,687 total housing units, the majority are owner-occupied, with 8,844 owner-occupied and 5,233 renter-occupied units.
The unemployment rate in Hobbs is 6.6% and the poverty rate is 20.5%. 16.6% of residents hold a bachelor's degree or higher. The average commute time is 24.9 minutes.
How Hobbs Ranks in New Mexico
Cost of Living in Hobbs, NM
Compared to national averages, Hobbs has a median household income of $65,691 (13% below the national median of $75,149). Home values average $180,700, which is 26% below the national median. Monthly rent at $1,132 is 3% below the US average of $1,163. Within New Mexico, Hobbs's income is 3% below the state average of $67,435, and home values are 23% below the state median of $233,762.
Why Live in Hobbs, NM?
Hobbs offers affordable housing with a median home value of $180,700, below the US average of $244,900, and rent that’s lower than the national average at $1,132/month, and short commute times averaging just 24.9 minutes.
Potential considerations include median household income ($65,691) that falls below the national average. However, Hobbs’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hobbs has a population of 39,887 with a median age of 31.7 years. Compare Hobbs with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Hobbs
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Clovis | 38,153 | $54,029 | $160,000 | Compare |
| South Valley | 36,605 | $51,062 | $205,200 | Compare |
| Farmington | 46,339 | $63,745 | $225,400 | Compare |
| Roswell | 47,823 | $50,294 | $139,200 | Compare |
| Carlsbad | 31,813 | $78,277 | $187,900 | Compare |
| Alamogordo | 31,063 | $52,515 | $163,600 | Compare |
| Gallup | 21,333 | $57,466 | $134,600 | Compare |
| Los Lunas | 17,932 | $63,696 | $232,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Mexico
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Hobbs
What is the population of Hobbs, NM?
The population of Hobbs, NM is 39,887 according to the latest Census data.
What is the median household income in Hobbs?
The median household income in Hobbs, NM is $65,691 per year.
What is the median home value in Hobbs?
The median home value in Hobbs, NM is $180,700.
What is the average rent in Hobbs?
The median monthly rent in Hobbs, NM is $1,132.
What is the unemployment rate in Hobbs?
The unemployment rate in Hobbs, NM is 6.6%.