Cost of Living: Albuquerque, NM vs Hobbs, NM
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,230/mo in Albuquerque, NM versus $4,230/mo in Hobbs, NM. In the model, rent is about 15.81% of gross in Albuquerque, NM versus 16.49% in Hobbs, NM, so Albuquerque, NM tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Albuquerque, NM and Hobbs, NM.
At a glance
- Cheaper overall (lower cost-of-living index): Albuquerque, NM
- Lower rent (median 1BR/2BR): Albuquerque, NM
- Lower home prices: Hobbs, NM
- Higher median household income: Hobbs, NM
Cost of Living Index
Albuquerque, NM: 89.6 (U.S. = 100) · Hobbs, NM: 100 (U.S. = 100)
Albuquerque, NM has a lower cost-of-living index than Hobbs, NM, so a given salary generally stretches further there.
Median Rent
Albuquerque, NM: $1,031/mo (midpoint of 1BR/2BR) · Hobbs, NM: $1,076/mo
Median rent in Hobbs, NM is $45/mo higher than in Albuquerque, NM.
Median Home Price
Albuquerque, NM: $266,700 · Hobbs, NM: $180,700
Median home price in Albuquerque, NM is $86,000 higher than in Hobbs, NM.
Median Household Income
Albuquerque, NM: $65,604 · Hobbs, NM: $65,691
Hobbs, NM has a higher median household income than Albuquerque, NM by $87.
Albuquerque, NM overview · Hobbs, NM overview · Popular comparisons