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