Cost of Living: Hobbs, NM vs Rio Rancho, 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 Rio Rancho, NM. In the model, rent is about 16.49% of gross in Hobbs, NM versus 21.58% in Rio Rancho, NM, so Hobbs, NM tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Hobbs, NM and Rio Rancho, NM.
At a glance
- Cheaper overall (lower cost-of-living index): Rio Rancho, NM
- Lower rent (median 1BR/2BR): Hobbs, NM
- Lower home prices: Hobbs, NM
- Higher median household income: Rio Rancho, NM
Cost of Living Index
Hobbs, NM: 100 (U.S. = 100) · Rio Rancho, 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) · Rio Rancho, NM: $1,407/mo
Median rent in Rio Rancho, NM is $331/mo higher than in Hobbs, NM.
Median Home Price
Hobbs, NM: $180,700 · Rio Rancho, NM: $273,300
Median home price in Rio Rancho, NM is $92,600 higher than in Hobbs, NM.
Median Household Income
Hobbs, NM: $65,691 · Rio Rancho, NM: $85,755
Rio Rancho, NM has a higher median household income than Hobbs, NM by $20,064.
Hobbs, NM overview · Rio Rancho, NM overview · Popular comparisons