Hobbs, NM — income, home value, property tax, and sales tax.
Households in the 88240 ZIP code, centered on Hobbs, report a median income of $63,270, while per-capita income sits at $31,306. A median home value of $186,900 pairs with a county property tax rate of 0.48%, so annual property taxes on such a home would run roughly $897. Sales tax in the area totals 6.56%, applying to everyday purchases. Together these figures sketch a straightforward cost profile: housing prices and property taxes stay low against local earnings, though the sales tax adds a bit to routine spending.
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