Hobbs, NM — income, home value, property tax, and sales tax.
In ZIP code 88244, near Hobbs, per-capita income stands at $4,842, so household earnings here are quite limited compared with state and national averages. Property taxes in the county run at an effective rate of 0.48%, which keeps annual housing costs tied to assessed value rather than a steep percentage. Sales taxes combine to 4.88%, a rate shoppers encounter on everyday purchases throughout the area. Together these figures shape a tight financial picture: low earnings, a property tax that stays below one-half of one percent, and a sales tax near five percent.