Cost of Living in North Hobbs, NM
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
121.6
100 = national avg
+21.6 vs national average
Living Wage (1 Adult)
$53,486
per year
Living Wage (Family of 4)
$126,420
per year
Cost Index by Category
Housing114.4
Food118.2
Transportation136.5
Healthcare114.6
Utilities113.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,068
per month
2 Bedroom
$1,324
per month
The overall cost of living index in North Hobbs is 121.6, which is 21.6% above the national average. Housing costs are above the national average at an index of 114.4. A single adult needs to earn approximately $53,486 per year to cover basic expenses.