Cost of Living: Hobbs, NM vs Chicago, IL
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 $4,227/mo in Chicago, IL. In the model, rent is about 16.49% of gross in Hobbs, NM versus 20.28% in Chicago, IL, so Hobbs, NM tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Hobbs, NM and Chicago, IL.
At a glance
- Cheaper overall (lower cost-of-living index): Chicago, IL
- Lower rent (median 1BR/2BR): Hobbs, NM
- Lower home prices: Chicago, IL
- Higher median household income: Hobbs, NM
Cost of Living Index
Hobbs, NM: 100 (U.S. = 100) · Chicago, IL: 98.3 (U.S. = 100)
Chicago, IL 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) · Chicago, IL: $1,323/mo
Median rent in Chicago, IL is $247/mo higher than in Hobbs, NM.
Median Home Price
Hobbs, NM: $180,700 · Chicago, IL: $147,800
Median home price in Hobbs, NM is $32,900 higher than in Chicago, IL.
Median Household Income
Hobbs, NM: $65,691 · Chicago, IL: $56,815
Hobbs, NM has a higher median household income than Chicago, IL by $8,876.
Hobbs, NM overview · Chicago, IL overview · Popular comparisons