Hobbs, New Mexico Population

Hobbs, New Mexico has a population of 40,118, with a median household income of $62,114.

Current population data for Hobbs.

40,118

👥

Population

40,118

💰

Median Income

$62,114

📉

Unemployment

4.60%

🏠

Housing Price

$221,114

🚨

Crime Rate

0.50

🌐

Internet Speed

166.80 Mbps

Hobbs is a smaller urban community located in New Mexico. The city has a population that is above the average city population in New Mexico, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Situated in New Mexico, Hobbs provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Hobbs has a population of 40,118, which is higher than the state average. This indicates a relatively larger urban presence within New Mexico.

Income and Economy

The median household income in Hobbs is $62,114, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Hobbs average around $221,114, which is relatively high compared to other cities in New Mexico.

Employment and Safety

The unemployment rate in Hobbs is 4.60%, which is lower than the state average, indicating a relatively strong job market. Hobbs has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in New Mexico, Hobbs shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Hobbs continues to play a role in shaping regional trends in New Mexico, particularly in terms of economic and demographic factors.

Frequently Asked Questions about Hobbs

What is the population of Hobbs?

The population of Hobbs is approximately 40,118.

Is Hobbs a good place to live?

Hobbs offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Hobbs?

The median household income in Hobbs is around $62,114.

How expensive is housing in Hobbs?

The average housing price in Hobbs is approximately $221,114.