Last updated: 2024 BLS data · Page refreshed:
Hobbs has a population of 40,252 with a median age of 32.5. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 40,252 |
| Median Age | 32.5 |
| White | 39.3% |
| Black or African American | 5.4% |
| Asian | 1.0% |
| Hispanic or Latino | 62.9% |
The median household income in Hobbs is $64,021, which is 20.6% below the national median of $80,610. The per capita income is $32,862. The poverty rate is 19.7%.
The unemployment rate in Hobbs is 3.5%, compared to the national rate of 4.1%.
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In Hobbs, 74.4% of residents age 25+ have a high school diploma or higher, and 17.3% hold a bachelor's degree or higher (7.5% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 74.4% |
| Bachelor's Degree or Higher | 17.3% |
| Graduate or Professional Degree | 7.5% |
The median home value in Hobbs is $191,300, below the national median of $303,400. The median monthly rent is $1,112. The homeownership rate is 66.0%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $191,300 |
| Median Monthly Rent | $1,112 |
| Homeownership Rate | 66.0% |
| Vacancy Rate | 11.8% |
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