Cost of Living: Roswell, NM vs Hobbs, NM
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,230/mo in Roswell, NM versus $4,230/mo in Hobbs, NM. In the model, rent is about 12.24% of gross in Roswell, NM versus 16.49% in Hobbs, NM, so Roswell, NM tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Roswell, NM and Hobbs, NM.
At a glance
- Cheaper overall (lower cost-of-living index): Hobbs, NM
- Lower rent (median 1BR/2BR): Roswell, NM
- Lower home prices: Roswell, NM
- Higher median household income: Hobbs, NM
Cost of Living Index
Roswell, NM: 100 (U.S. = 100) · Hobbs, NM: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Roswell, NM: $798/mo (midpoint of 1BR/2BR) · Hobbs, NM: $1,076/mo
Median rent in Hobbs, NM is $278/mo higher than in Roswell, NM.
Median Home Price
Roswell, NM: $139,200 · Hobbs, NM: $180,700
Median home price in Hobbs, NM is $41,500 higher than in Roswell, NM.
Median Household Income
Roswell, NM: $50,294 · Hobbs, NM: $65,691
Hobbs, NM has a higher median household income than Roswell, NM by $15,397.
Roswell, NM overview · Hobbs, NM overview · Popular comparisons