Hobbs, NM — income, home value, property tax, and sales tax.
Households in ZIP code 88114, near Hobbs, report a per-capita income of $73,483, a figure that shapes how far each dollar stretches across daily expenses. Property taxes in the county run at an effective rate of 0.48%, so a homeowner's annual bill stays tied closely to assessed value rather than climbing sharply. Sales tax, meanwhile, totals 4.88% on purchases, adding a bit to everyday spending at local shops and stores. Together these rates leave earners in this area with a workable split between what they owe in taxes and what remains for housing, groceries, and other needs.
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