Cost of Living: Hobbs, NM vs Philadelphia, PA
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 $4,337/mo in Philadelphia, PA. In the model, rent is about 16.49% of gross in Hobbs, NM versus 19.29% in Philadelphia, PA, so Hobbs, NM tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Hobbs, NM and Philadelphia, PA.
At a glance
- Cheaper overall (lower cost-of-living index): Philadelphia, PA
- 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) · Philadelphia, PA: 95.2 (U.S. = 100)
Philadelphia, PA 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) · Philadelphia, PA: $1,257/mo
Median rent in Philadelphia, PA is $181/mo higher than in Hobbs, NM.
Median Home Price
Hobbs, NM: $180,700 · Philadelphia, PA: $232,400
Median home price in Philadelphia, PA is $51,700 higher than in Hobbs, NM.
Median Household Income
Hobbs, NM: $65,691 · Philadelphia, PA: $60,698
Hobbs, NM has a higher median household income than Philadelphia, PA by $4,993.
Hobbs, NM overview · Philadelphia, PA overview · Popular comparisons