Cost of Living: Hobbs, NM vs Roswell, 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 Roswell, NM. In the model, rent is about 16.49% of gross in Hobbs, NM versus 12.24% in Roswell, NM, so Roswell, NM tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Hobbs, NM and Roswell, NM.
At a glance
- Cheaper overall (lower cost-of-living index): Roswell, NM
- Lower rent (median 1BR/2BR): Roswell, NM
- Lower home prices: Roswell, NM
- Higher median household income: Hobbs, NM
Cost of Living Index
Hobbs, NM: 100 (U.S. = 100) · Roswell, 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) · Roswell, NM: $798/mo
Median rent in Hobbs, NM is $278/mo higher than in Roswell, NM.
Median Home Price
Hobbs, NM: $180,700 · Roswell, NM: $139,200
Median home price in Hobbs, NM is $41,500 higher than in Roswell, NM.
Median Household Income
Hobbs, NM: $65,691 · Roswell, NM: $50,294
Hobbs, NM has a higher median household income than Roswell, NM by $15,397.
Hobbs, NM overview · Roswell, NM overview · Popular comparisons