Cost of Living: Hobbs, NM vs Houston, TX
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 $4,516/mo in Houston, TX. In the model, rent is about 16.49% of gross in Hobbs, NM versus 19.13% in Houston, TX, so Hobbs, NM tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Hobbs, NM and Houston, TX.
At a glance
- Cheaper overall (lower cost-of-living index): Houston, TX
- Lower rent (median 1BR/2BR): Hobbs, NM
- Lower home prices: Hobbs, NM
- Higher median household income: Hobbs, NM
Cost of Living Index
Hobbs, NM: 100 (U.S. = 100) · Houston, TX: 92.1 (U.S. = 100)
Houston, TX 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) · Houston, TX: $1,248/mo
Median rent in Houston, TX is $172/mo higher than in Hobbs, NM.
Median Home Price
Hobbs, NM: $180,700 · Houston, TX: $253,400
Median home price in Houston, TX is $72,700 higher than in Hobbs, NM.
Median Household Income
Hobbs, NM: $65,691 · Houston, TX: $62,894
Hobbs, NM has a higher median household income than Houston, TX by $2,797.
Hobbs, NM overview · Houston, TX overview · Popular comparisons