Hobbs, NM — income, home value, property tax, and sales tax.
Households in ZIP code 88262, near Hobbs, report a per-capita income of $66,585, which gives earners here noticeably more spending power than many parts of the state. Property taxes run at an effective 0.48% of value at the county level, so a home's annual tax bill stays contained even as values rise. Add a combined sales tax of 4.88%, and everyday purchases carry a lighter added cost than in many metros. Together, these rates mean a larger share of earnings can go toward savings, housing, or other priorities rather than taxes.
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