Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Crime
This area reports elevated crime rates per 100,000 individuals, potentially pointing some areas being unsafe for its residents. Stats are based on both property and violent crimes.
Located in the state of New Mexico, North Hobbs is a smaller city with a population of 5,997 inhabitants. According to the most recent Census, 92% of North Hobbs residents are White, 1% American Indian and Alaskan and 0% Black. Additionally, more than a quarter of the population of North Hobbs are of Hispanic or Latino origin, and 25% of the population also speak Spanish.
Living in North Hobbs can be a good experience for anyone moving to the area. Having said that, in the state of New Mexico, there are many desirable places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. With useful information like amenities, cost of living, education, employment, housing and other key data points, finding the best places to live in North Hobbs and in the areas around North Hobbs is a much easier task.
With a livability score of 71 out of 100, North Hobbs is ranked #6,231 in the United States and #14 in New Mexico. For each of the livability categories, we know that North Hobbs ranks very well for amenities (B-), cost of living (A), employment (B-) and housing (A+). Regrettably for North Hobbs, there are some categories for which it does not score well, this includes: crime (D-).
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. North Hobbs excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Assuming that North Hobbs meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in North Hobbs. Everything else becomes a lot less important if it turns out that home prices in North Hobbs are simply unattainable. The median home price for North Hobbs homes is $328,440, which is 15.9% higher than the New Mexico average. If we take a closer look at the affordability of homes in North Hobbs, we’ll see that the home price to income ratio is 3.1, which is 26.2% lower than the New Mexico average.
Why stop at city-to-city? With Local Insights, you can compare neighborhoods, zip codes, or even exact addresses. Access 300+ hyperlocal data points—from schools and crime to housing and amenities—to see which area is the better fit.
| Statistic | North Hobbs | New Mexico | National |
| Average one way commute | 22min | 22min | 26min |
| Workers who drive to work | 88.0% | 79.8% | 76.4% |
| Workers who carpool | 5.5% | 10.1% | 9.3% |
| Workers who take public transit | 0.0% | 1.2% | 5.1% |
| Workers who bicycle | 0.0% | 0.7% | 0.6% |
| Workers who walk | 0.0% | 2.2% | 2.8% |
| Working from home | 4.7% | 4.7% | 4.6% |
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