Hobbs, New Mexico Demographics & Population 2026
During the 2020–2024 ACS period, Hobbs, New Mexico had a total population of 40,252, the 7th largest city in New Mexico, with a median household income of $64,021, which is about the same as the state average. The poverty rate is 19.7%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Hobbs Quick Facts
How Hobbs Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 39,887 | 40,252 | +0.9% |
| Median household income | $65,691 | $64,021 | -2.5% |
| Median home value | $180,700 | $191,300 | +5.9% |
How Hobbs Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 63 | National average: 61
Education
Educational Attainment (Adults 25+)
Hobbs Rankings in New Mexico
Explore New Mexico Rankings
Other Cities in Lea County
Cities Similar to Hobbs
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| South Valley | 37,120 | $58,224 | $224,300 | 15.1% | 18.5% |
| Clovis | 37,942 | $54,820 | $169,400 | 23.5% | 21.7% |
| Farmington | 46,314 | $68,784 | $233,000 | 26.2% | 17.4% |
| Roswell | 47,638 | $51,583 | $152,600 | 18.6% | 26.0% |
| Carlsbad | 31,746 | $72,306 | $200,000 | 19.2% | 13.8% |
Population Overview
Hobbs is a mid-sized community located in New Mexico, within Lea County. The total population is 40,252. It ranks as the 7th most populous out of 495 Census-designated places in New Mexico.
Age Demographics
The median age in Hobbs is 32.5 years. This is 18% lower than the state median of 39.4 years.
Economy, Income & Housing
The median household income in Hobbs is $64,021. This is about the same as the state median of $64,059. It is also 21% lower than the national median of $80,734. The poverty rate stands at 19.7%. This is 10% higher than the state poverty rate of 17.8%. The unemployment rate is 6.3%. This is 5% higher than the state rate of 6.0%. The median home value is $191,300. Housing costs are 23% lower than the state median of $248,100. The home-value-to-income ratio is 3.0x. 66.0% of occupied housing units are owner-occupied. This homeownership rate is 6% lower than the state average of 70.0%.
Race & Ethnicity
The largest racial or ethnic group in Hobbs is Hispanic or Latino, making up 62.9% of the population. White (non-Hispanic) residents account for 28.1%. The Black or African American population is significantly higher than the state average (5.1% vs 1.8%).
Education
17.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 44% lower than the state rate of 31.0%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 74.4%.
Data Sources & Methodology
All demographic data for Hobbs, New Mexico is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against New Mexico state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 495 Census-designated places in New Mexico. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
Free data download: Get all New Mexico city and county demographics as CSV. Download Cities CSV | Download Counties CSV
Frequently Asked Questions
What is the population of Hobbs, New Mexico?
Hobbs, New Mexico has a population of 40,252 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Hobbs, NM?
The median household income in Hobbs is $64,021, which is 21% lower than the national median of $80,734.
What is the poverty rate in Hobbs, NM?
The poverty rate in Hobbs is 19.7%. This means approximately 7,593 residents live below the federal poverty line.
What is the racial makeup of Hobbs, New Mexico?
Hobbs's population is 28.1% White, 5.1% Black, 62.9% Hispanic/Latino, and 1.0% Asian.
What is the median home value in Hobbs, NM?
The median home value in Hobbs is $191,300. The home-value-to-income ratio is 3.0x.
How educated is Hobbs, New Mexico?
17.3% of adults (25+) in Hobbs hold a bachelor's degree or higher, and 7.5% hold a graduate or professional degree.