Cost of Living: Hobbs, NM vs Norton Shores, MI
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 $4,268/mo in Norton Shores, MI. In the model, rent is about 16.49% of gross in Hobbs, NM versus 18.74% in Norton Shores, MI, so Hobbs, NM tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Hobbs, NM and Norton Shores, MI.
At a glance
- Cheaper overall (lower cost-of-living index): Norton Shores, MI
- Lower rent (median 1BR/2BR): Hobbs, NM
- Lower home prices: Hobbs, NM
- Higher median household income: Norton Shores, MI
Cost of Living Index
Hobbs, NM: 100 (U.S. = 100) · Norton Shores, MI: 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) · Norton Shores, MI: $1,222/mo
Median rent in Norton Shores, MI is $146/mo higher than in Hobbs, NM.
Median Home Price
Hobbs, NM: $180,700 · Norton Shores, MI: $214,000
Median home price in Norton Shores, MI is $33,300 higher than in Hobbs, NM.
Median Household Income
Hobbs, NM: $65,691 · Norton Shores, MI: $73,390
Norton Shores, MI has a higher median household income than Hobbs, NM by $7,699.
Hobbs, NM overview · Norton Shores, MI overview · Popular comparisons