Hobbs, NM — income, home value, property tax, and sales tax.
In ZIP code 88260, which takes in Hobbs, households earn a median of $75,476, while per-capita income sits at $27,130. Homes here are valued at a median of $175,400, and the county property tax rate of 0.48% works out to a comparatively small annual charge on that value. Sales tax across the area totals 7.00%, a cost that shows up with each purchase rather than once a year. Together, these figures sketch a place where housing prices stay within reach of local earnings, and the tax load spreads between what you buy and what you own.
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