North Hobbs, NM
Population 6,099 · New Mexico
About North Hobbs, NM
North Hobbs is a small town located in New Mexico with a population of 6,099 residents according to the latest US Census Bureau American Community Survey data. The median household income is $89,279 per year, which is 19% above the national median of $75,149. The median age of 34.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in North Hobbs features a median home value of $233,200, which is 5% below the national median of $244,900. This positions North Hobbs in a moderately priced market relative to the rest of the country. Median monthly rent is $1,109, 5% below the national average of $1,163/month. Of the 2,157 total housing units, 88% are owner-occupied (1,709 units) and 12% are renter-occupied (228 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in North Hobbs shows an unemployment rate of 9.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 13.0%, above the national average of 12.4%. Workers in North Hobbs have an average one-way commute time of 17.3 minutes, one of the shorter commutes in the region.
Education & Demographics
11.5% of North Hobbs residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 40.8% White, 1.5% Hispanic or Latino, 0.0% Black or African American, and 10.6% Asian residents, with 15.5% of the population being foreign-born.
How North Hobbs Ranks in New Mexico
Cost of Living in North Hobbs, NM
Compared to national averages, North Hobbs has a median household income of $89,279 (19% above the national median of $75,149). Home values average $233,200, which is 5% below the national median. Monthly rent at $1,109 is 5% below the US average of $1,163. Within New Mexico, North Hobbs's income is 32% above the state average of $67,435, and home values are 0% below the state median of $233,762.
Why Live in North Hobbs, NM?
North Hobbs offers a strong local economy with a median household income of $89,279, well above the national average, and affordable housing with a median home value of $233,200, below the US average of $244,900, and rent that’s lower than the national average at $1,109/month. Additionally, the city features short commute times averaging just 17.3 minutes.
North Hobbs has a population of 6,099 with a median age of 34.8 years. Compare North Hobbs with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near North Hobbs
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Edgewood | 6,122 | $81,227 | $278,100 | Compare |
| Zuni Pueblo | 6,132 | $43,021 | $79,200 | Compare |
| Truth or Consequences | 6,026 | $29,142 | $107,500 | Compare |
| Aztec | 6,177 | $42,699 | $164,700 | Compare |
| Raton | 6,013 | $52,007 | $148,200 | Compare |
| Santa Teresa | 5,973 | $60,759 | $216,600 | Compare |
| Los Ranchos de Albuquerque | 5,869 | $70,801 | $442,100 | Compare |
| Eldorado at Santa Fe | 5,746 | $96,692 | $542,800 | 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.
Compare North Hobbs With Other Cities
Frequently Asked Questions about North Hobbs
What is the population of North Hobbs, NM?
The population of North Hobbs, NM is 6,099 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Mexico.
What is the median household income in North Hobbs?
The median household income in North Hobbs, NM is $89,279 per year, which is 19% above the national median of $75,149.
What is the median home value in North Hobbs?
The median home value in North Hobbs, NM is $233,200, which is 5% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in North Hobbs?
The median monthly rent in North Hobbs, NM is $1,109, which is 5% below the national average of $1,163/month.
What is the unemployment rate in North Hobbs?
The unemployment rate in North Hobbs, NM is 9.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is North Hobbs, NM a good place to live?
North Hobbs offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 6,099 and a median age of 34.8, the city appeals to young professionals and families.
How educated is North Hobbs, NM?
11.5% of residents in North Hobbs aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in North Hobbs?
Key cost-of-living indicators for North Hobbs, NM: median home value is $233,200 (5% below national), median rent is $1,109/month, and median household income is $89,279. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in North Hobbs?
The poverty rate in North Hobbs, NM is 13.0%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is North Hobbs, NM?
North Hobbs's population is 40.8% White, 1.5% Hispanic or Latino, 0.0% Black or African American, 10.6% Asian, and 0.0% two or more races. 15.5% of residents are foreign-born.