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 small-sized city with a population of 5,860 people. If we take a look at the last Census, the vast majority of the population falls within one racial group (92% White). Given that fact, North Hobbs could be considered less diverse than other cities. 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.
Without the right tools, relocating to any new city can be very stressful and challenging. Living in North Hobbs, New Mexico could be a good experience for anyone who puts in the time to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. Finding the best places to live in North Hobbs and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, cost of living, employment and other important metrics.
North Hobbs has a livability score of 70/100 and is ranked #18 in New Mexico and #6,537 in the USA. If we dig a little deeper into each category within the livability score, we see that North Hobbs has higher than average scores for the following: amenities (B-), cost of living (A), employment (B-) and housing (A). On a more negative note, North Hobbs does not have favorable ranks for the following: crime (D). If we take a look at the data, we can find out why.
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.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in North Hobbs is actually affordable. The median home price for North Hobbs homes is $184,100, which is 13.9% 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 2.6, which is 25.7% lower than the New Mexico average.
| 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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