Hobbs — Financial Data

39,887 Population FY 2023

Beta: source-backed tax context only. This is not a personalized tax-burden estimate.

Current source-backed tax context for New Mexico and Hobbs.

Component	Summary	Effective	Coverage	Sources
NM state individual income tax	New Mexico personal income tax uses a graduated rate table that varies by filing status, income, and taxable year.	Current New Mexico Taxation and Revenue guidance (as accessed April 19, 2026).	Rate missing	New Mexico personal income tax overview; New Mexico personal income tax rates
NM gross receipts tax policy (state base equivalent)	New Mexico does not use a traditional sales tax; it imposes gross receipts tax, with a statewide base rate of 5.125% and additional local option rates by location.	Current New Mexico Taxation and Revenue guidance (as accessed April 19, 2026).	Rate missing	New Mexico gross receipts tax overview
NM property tax policy (county assessment and collection with state oversight)	New Mexico property taxes are assessed by county assessors and collected by county treasurers, with oversight from the state Property Tax Division.	Current New Mexico Taxation and Revenue guidance (as accessed April 19, 2026).	Needs review	New Mexico property tax division; New Mexico individual property tax information

Community Profile

Census Bureau ACS 5-year estimates

20.5% Poverty Rate 2023

16.6% Bachelor's+ Rate 2023

6.6% Unemployment Rate 2023

62.8% Homeownership Rate 2023

Median Household Income

$65,691 (2023)

2010 2023

Per Capita Income

$33,083 (2023)

2010 2023

Median Home Value

$180,700 (2023)

2010 2023

Median Gross Rent

$1,132 (2023)

2010 2023

Median Age

31.7 (2023)

2010 2023

Gini Index

0 = perfect equality · 1 = perfect inequality

0.5 (2023)

2010 2023

Financial Documents (13)

Year	Title	Type
2023	Hobbs Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2022	Hobbs Census ACS 5-Year Estimates 2022	US_CENSUS_ACS5
2021	Hobbs Census ACS 5-Year Estimates 2021	US_CENSUS_ACS5
2019	Hobbs Census ACS 5-Year Estimates 2019	US_CENSUS_ACS5
2018	Hobbs Census ACS 5-Year Estimates 2018	US_CENSUS_ACS5

Governance & Structure

Governance Structure

School Details

Not applicable for this entity type.