Residential comparison · 13 facts
Hobbs, NM vs South Valley, 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 Hobbs needs about $83,500 in South Valley to keep the same lifestyle.
Coming from South Valley, $85,000 of lifestyle costs about $86,500 in Hobbs.
A few differences
- Hobbs is higher on median household income ($64,021 vs $58,224).
- South Valley is lower on 2-bedroom rent ($952/mo vs $1,042/mo).
- Hobbs is lower on median home price ($191,300 vs $224,300).
Hobbs vs South Valley · facet by facet
| Facet | Hobbs, NM | South Valley, NM |
|---|---|---|
| Median home price | $191,300 | $224,300 |
| 2-bedroom rent | $1,042/mo | $952/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 | 81 | 81 |
| Groceries index | 98 | 98 |
| Utilities | $145/mo | $145/mo |
| Median household income | $64,021 | $58,224 |
| 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: Hobbs, NM · South Valley, NM
Questions & answers
- Is Hobbs cheaper than South Valley?
- Hobbs and South Valley display the same day-to-day cost index; the differences show up facet by facet in the table above.
- What household income in South Valley equals $85,000 in Hobbs?
- A household earning $85,000 in Hobbs needs about $83,500 in South Valley to keep the same lifestyle; coming the other way, $85,000 of South Valley lifestyle costs about $86,500 in Hobbs.