Cost of Living: Hobbs, NM vs Los Angeles, CA
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 $3,974/mo in Los Angeles, CA. In the model, rent is about 16.49% of gross in Hobbs, NM versus 25.99% in Los Angeles, CA, so Hobbs, NM tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Hobbs, NM and Los Angeles, CA.
At a glance
- Cheaper overall (lower cost-of-living index): Hobbs, NM
- Lower rent (median 1BR/2BR): Hobbs, NM
- Lower home prices: Hobbs, NM
- Higher median household income: Los Angeles, CA
Cost of Living Index
Hobbs, NM: 100 (U.S. = 100) · Los Angeles, CA: 148.6 (U.S. = 100)
Hobbs, NM has a lower cost-of-living index than Los Angeles, CA, so a given salary generally stretches further there.
Median Rent
Hobbs, NM: $1,076/mo (midpoint of 1BR/2BR) · Los Angeles, CA: $1,695/mo
Median rent in Los Angeles, CA is $619/mo higher than in Hobbs, NM.
Median Home Price
Hobbs, NM: $180,700 · Los Angeles, CA: $657,700
Median home price in Los Angeles, CA is $477,000 higher than in Hobbs, NM.
Median Household Income
Hobbs, NM: $65,691 · Los Angeles, CA: $74,785
Los Angeles, CA has a higher median household income than Hobbs, NM by $9,094.
Hobbs, NM overview · Los Angeles, CA overview · Popular comparisons