Cost of living in Hobbs, NM

Hobbs is a Census city in Lea County, NM. ACS 2024 5-year population is 40,252. Median gross rent is $1,112 (ACS 2024 5-year, this place). Median home value is $191,300. Median household income is $64,021. Insurance is the NAIC state average; food is a USDA plan — no town indexes.