Residential comparison · 13 facts
Farmington, NM vs Hobbs, NM
Compare the housing, tax, cost, income, safety, school, and climate facts that are available for both places. The table shows the numbers without declaring one city universally better.
A household earning $85,000 in Farmington needs about $89,000 in Hobbs to keep the same lifestyle.
Coming from Hobbs, $85,000 of lifestyle costs about $81,000 in Farmington.
A few differences
- Farmington is higher on median household income ($68,784 vs $64,021).
- Hobbs is lower on cost of living index (81 vs 82).
- Farmington is lower on 2-bedroom rent ($980/mo vs $1,042/mo).
Farmington vs Hobbs · facet by facet
| Facet | Farmington, NM | Hobbs, NM |
|---|---|---|
| Median home price | $233,000 | $191,300 |
| 2-bedroom rent | $980/mo | $1,042/mo |
| Property tax rate | 0.8% | 0.8% |
| State & local income tax | 2.74% | 2.74% |
| Sales tax | 7.6% | 7.6% |
| Cost of living index | 82 | 81 |
| Groceries index | 98 | 98 |
| Utilities | $145/mo | $145/mo |
| Median household income | $68,784 | $64,021 |
| Unemployment rate | 3.9% | 3.9% |
| Crime index | 80/100 | 80/100 |
| School rating | 3.5/10 | 3.5/10 |
| Sunny days / year | 280 days | 280 days |
Data: Census ACS 2024 · BLS · Tax Foundation 2024 brackets · HUD/Zillow · NOAA 1991–2020 · FEMA NRI · Values are shown as reported; no universal winner is implied.
Full profiles: Farmington, NM · Hobbs, NM
Questions & answers
- Is Farmington cheaper than Hobbs?
- Hobbs has the lower day-to-day cost index (81 vs 82 against a national 100). The other differences are shown facet by facet in the table.
- What household income in Hobbs equals $85,000 in Farmington?
- A household earning $85,000 in Farmington needs about $89,000 in Hobbs to keep the same lifestyle; coming the other way, $85,000 of Hobbs lifestyle costs about $81,000 in Farmington.