Cost of Living: Hobbs, NM vs Las Cruces, 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 Las Cruces, NM. In the model, rent is about 16.49% of gross in Hobbs, NM versus 13.78% in Las Cruces, NM, so Las Cruces, NM tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Hobbs, NM and Las Cruces, NM.
At a glance
- Cheaper overall (lower cost-of-living index): Las Cruces, NM
- Lower rent (median 1BR/2BR): Las Cruces, NM
- Lower home prices: Hobbs, NM
- Higher median household income: Hobbs, NM
Cost of Living Index
Hobbs, NM: 100 (U.S. = 100) · Las Cruces, NM: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Hobbs, NM: $1,076/mo (midpoint of 1BR/2BR) · Las Cruces, NM: $899/mo
Median rent in Hobbs, NM is $177/mo higher than in Las Cruces, NM.
Median Home Price
Hobbs, NM: $180,700 · Las Cruces, NM: $217,400
Median home price in Las Cruces, NM is $36,700 higher than in Hobbs, NM.
Median Household Income
Hobbs, NM: $65,691 · Las Cruces, NM: $55,176
Hobbs, NM has a higher median household income than Las Cruces, NM by $10,515.
Hobbs, NM overview · Las Cruces, NM overview · Popular comparisons