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Hobbs, NM 88240 has a population of approximately 40,188 and experiences a population change rate of 27.47%. The population density is 64.3 / sq mi .
The median household income for Hobbs, NM 88240 is $58,931, with 13,876 households and an average household size of 2.92.
The median value of a home in Hobbs, NM 88240 is $150,200 with an appreciation rate of 6.20%. 54.31% of housing in the state is owned while 32.54% is rented.
The cost of living in Hobbs, NM 88240 is 83.2 %.
The unemployment rate in Hobbs, NM 88240 is 2.90%, and recent job growth is at 3.23%. Future job growth is projected at 47.05%.
The sales tax rate in Hobbs, NM 88240 is 6.69%, while the income tax rate is 4.90% .
School expenditures in Hobbs, NM 88240 are $11,926, and the school ratio is 17.1:1.
The average high temperature in July is 93.4 degrees, with an average low temperature in January of 28.7 degrees. The average rainfall is approximately 16.5 inches per year, with 3.1 inches of snow per year.
