Everything You Need to Know About the City of Hobbs New Mexico

In 2017, Hobbs, New Mexico had a population of 37.4k people with a median age of 31.1 and a median household income of $57,906 dollars. Between 2016 and 2017 the population of Hobbs, NM grew from 36,863 to 37,427, a 1.53 percent increase, and its median household income grew from $57,535 dollars to $57,906 dollars, a 0.645 percent increase.

The population of Hobbs, NM is 56.9 percent Hispanic or Latino, 33.8 percent White Alone, and 6.13 percent Black or African American Alone. N/A% of the people in Hobbs, NM speak a non-English language, and 86.3 percent are U.S. citizens.

The largest universities in Hobbs, NM are University of the Southwest (273 degrees awarded in 2017).

The median property value in Hobbs, NM is $123,100 dollars, and the homeownership rate is 62.4 percent. Most people in Hobbs, NM commute by Drove Alone, and the average commute time is 17.8 minutes. The average car ownership in Hobbs, NM is 2 cars per household.


Education in Hobbs

In 2017, universities in Hobbs, NM awarded 273 degrees. The student population of Hobbs, NM is skewed towards women, with 376 male students and 650 female students.

Most students graduating from Universities in Hobbs, NM are White (106 and 38.8 percent), followed by Hispanic or Latino (62 and 22.7 percent), Black or African American (52 and 19 percent), and Unknown (41 and 15 percent).

The largest universities in Hobbs, NM by the number of degrees awarded are University of the Southwest (273 and 100 percent).

The most popular majors in Hobbs, NM are School Counseling & Guidance Services (73 and 26.7 percent), Mental Health Counseling (33 and 12.1 percent), and Corrections (25 and 9.16 percent).

The median tuition costs in Hobbs, NM is $16,000 dollars for private four-year colleges, and $N/A and $N/A respectively, for public four-year colleges for in-state students and out-of-state students.


Economy in Hobbs

The economy of Hobbs, NM employs 15.3k people and Hobbs has an unemployment rate of 4.4 percent. Hobbs has seen the job market increase by 7.8 percent over the last year. Future job growth over the next ten years is predicted to be 24.7 percent, which is lower than the US average of 33.5 percent. The largest industries in Hobbs, NM are Mining, Quarrying, & Oil & Gas Extraction (2,170 people), Educational Services (1,577 people), and Retail Trade (1,721 people), and the highest paying industries are Finance & Insurance ($59,327 dollars), Mining, Quarrying, & Oil & Gas Extraction ($57,227 dollars), and Utilities ($54,545 dollars).

Households in Hobbs, NM have a median annual income of $57,906 dollars, which is less than the median annual income of $61,937 dollars across the entire United States. This is in comparison to a median income of $57,535 dollars in 2016, which represents a 0.645 percent annual growth.


Tax Rates for Hobbs

– The Sales Tax Rate for Hobbs is 6.8 percent.

– The Income Tax Rate for Hobbs is 4.9 percent.

– Tax Rates can have a big impact when Comparing the Cost of Living.


Income and Salaries for Hobbs

– The average earnings of a Hobbs resident is $22,115 dollars a year.

– The Median household earnings of a Hobbs resident is $53,750 dollars a year.