Salary & Cost of Living in Hobbs, NM
Hobbs, NM: $46,136 median salary, cost of living index 94.7, $12.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$46,136
$22/hr
Cost of Living
94.7
US avg = 100
Minimum Wage
$12.00
per hour
Unemployment
4%
rate
Hobbs, NM Overview
Population
40,508
Median Salary
$46,136
Average Salary
$51,672
Avg Commute
16 min
Median Home Price
$255,000
Median Rent
$1,040/mo
Job Growth
+2.3%
Sales Tax
5.125%
Hobbs is located in New Mexico with a population of 40,508. The median household salary is $46,136 per year ($22/hour), which is $13,248 below the national median of $59,384. The average commute time is 16 minutes, and the city has a job growth rate of +2.3%.
Hobbs Salary by Experience Level (2026)
Wage distribution in Hobbs, NM based on BLS percentile breakdown of the $46,136 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $28,604 | $13.75/hr | 0–2 years |
| Mid-Level (Median) | $46,136 | $22.18/hr | 3–7 years |
| Senior-Level | $65,513 | $31.50/hr | 8–15 years |
| Top 10% (90th Percentile) | $82,122 | $39.48/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Hobbs Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Hobbs, NM, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$36,387
$3,032.23/month · $1,399.49/biweekly · Effective Rate: 21.1%
Gross Pay
$46,136
Federal Tax
-$3,498
State Tax
-$2,722
Local Tax
$0
FICA
-$3,529
Net Pay
$36,387
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $3,844.67 | $46,136.00 |
| Federal Income Tax | -$291.48 | -$3,497.82 |
| New Mexico State Tax (5.9%) | -$226.84 | -$2,722.02 |
| Social Security (6.2%) | -$238.37 | -$2,860.43 |
| Medicare (1.45%) | -$55.75 | -$668.97 |
| Net Take-Home Pay | $3,032.23 | $36,386.75 |
Salary Comparison: Hobbs vs Other Cities
See how Hobbs's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Hobbs, NM | $46,136 | 94.7 | $48,718 |
| National Average | $59,384 | 100 | $59,384 |
| Leawood, KS | $46,126 | 82.7 | $55,775 |
| Mason, OH | $46,126 | 89.3 | $51,653 |
| Cranberry Township, PA | $46,122 | 97.5 | $47,305 |
| Mobile, AL | $46,200 | 85 | $54,353 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Hobbs
Hobbs's cost of living index is 94.7 (national average = 100). Living in Hobbs is 5.299999999999997% less expensive than the national average.
Median Home Price
$255,000
Median Monthly Rent
$1,040
Annual Rent Cost
$12,480
Your Salary's Purchasing Power
Your $36,387 annual take-home pay in Hobbs has the purchasing power of approximately $38,423 in an average-cost US area. Your $46,136 salary stretches further here than in most US cities.
Top Industries in Hobbs
Hobbs's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $46,136.
Salary Tips for Hobbs Workers
- Maximize pre-tax deductions. With a 5.9% state income tax rate, maximizing 401(k) contributions (up to $24,500 in 2026) and HSA contributions can significantly reduce both your federal and state tax burden.
- Research top industries. Hobbs's top industries include Military, Energy, Tourism. Targeting roles in these sectors can help you earn above the $46,136 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Hobbs, NM?
The median salary in Hobbs, NM is $46,136 per year, or $22 per hour. The average salary is $51,672. This is $13,248 below the national median of $59,384.
What is the cost of living in Hobbs, NM?
Hobbs's cost of living index is 94.7 (national average = 100), meaning it is 5.299999999999997% less expensive compared to the national average. The median home price is $255,000 and the median monthly rent is $1,040.
What are the best industries in Hobbs?
The top industries in Hobbs, NM include Military, Energy, Tourism. The city has a job growth rate of 2.3% and an unemployment rate of 4%. Workers in these industries often earn above the city's median salary of $46,136.
How does Hobbs's salary compare to other cities?
Hobbs's median salary of $46,136 is 22.3% below the national median of $59,384. However, when adjusted for cost of living (index: 94.7), the real purchasing power is approximately $48,718.
What is the minimum wage in Hobbs, NM?
The minimum wage in Hobbs, NM is $12.00 per hour. This equals approximately $24,960 per year for a full-time worker (40 hours/week). This is $4.75 above the federal minimum wage of $7.25/hour.