Hobbs has a population of 39,782 with a median age of 30.8. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 39,782 |
| Median Age | 30.8 |
| White | 57.7% |
| Black or African American | 5.9% |
| Asian | 1.0% |
| Hispanic or Latino | 62.8% |
The median household income in Hobbs is $63,804, which is 15.1% below the national median of $75,149. The per capita income is $30,660. The poverty rate is 18.9%.
The unemployment rate in Hobbs is 7.4%, compared to the national rate of 5.4%.
In Hobbs, 77.3% of residents age 25+ have a high school diploma or higher, and 15.7% hold a bachelor's degree or higher (6.7% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 77.3% |
| Bachelor's Degree or Higher | 15.7% |
| Graduate or Professional Degree | 6.7% |
The median home value in Hobbs is $165,000, below the national median of $281,900. The median monthly rent is $1,067. The homeownership rate is 61.4%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $165,000 |
| Median Monthly Rent | $1,067 |
| Homeownership Rate | 61.4% |
| Vacancy Rate | 11.4% |
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