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Hobbs has a population of approximately 39,476 and experiences a population change rate of 37.75%. The population density is 1,495.4 / sq mi .
The median household income for Hobbs is $59,232, with 13,178 households and an average household size of 2.85.
The median value of a home in Hobbs is $157,100 with an appreciation rate of 6.20%. 53.58% of housing in the state is owned while 34.18% is rented.
The cost of living in Hobbs is 83.2 %.
The unemployment rate in Hobbs is 3.10%, and recent job growth is at 3.24%. Future job growth is projected at 46.75%.
The sales tax rate in Hobbs is 6.69%, while the income tax rate is 4.90% .
School expenditures in Hobbs 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.
