Cost of Living: Hobbs, NM vs Santa Fe, 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 Santa Fe, NM. In the model, rent is about 16.49% of gross in Hobbs, NM versus 20.11% in Santa Fe, 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 Santa Fe, NM.
At a glance
- Cheaper overall (lower cost-of-living index): Santa Fe, NM
- Lower rent (median 1BR/2BR): Hobbs, NM
- Lower home prices: Hobbs, NM
- Higher median household income: Santa Fe, NM
Cost of Living Index
Hobbs, NM: 100 (U.S. = 100) · Santa Fe, 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) · Santa Fe, NM: $1,311/mo
Median rent in Santa Fe, NM is $235/mo higher than in Hobbs, NM.
Median Home Price
Hobbs, NM: $180,700 · Santa Fe, NM: $411,500
Median home price in Santa Fe, NM is $230,800 higher than in Hobbs, NM.
Median Household Income
Hobbs, NM: $65,691 · Santa Fe, NM: $70,110
Santa Fe, NM has a higher median household income than Hobbs, NM by $4,419.
Hobbs, NM overview · Santa Fe, NM overview · Popular comparisons