Hobbs, NM — income, home value, property tax, and sales tax.
In ZIP code 88252, near Hobbs, per-capita income stands at $38,078 while the median home value is $97,600. A county-level effective property tax rate of 0.48% applies, so property taxes on a home at that median value would come to roughly $468 annually. The combined sales tax rate is 4.88%. Together these figures sketch a cost picture in which housing prices and property taxes stay low enough that income stretches further, though the sales tax still adds to everyday purchases.
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