Electricity rates in Hobbs, New Mexico

Hobbs, NM ranks 1 of 10 New Mexico cities for the fewest people working from home (2.2% of workers). Hobbs, New Mexico has 39,887 residents in 14,077 households; 47.0% heat with electricity.

Hobbs on the map

Lea County, with Hobbs marked

Who lives in Hobbs: income, cars, homes

Of 17,054 workers in Hobbs, NM, 377 work from home, 13,398 drive alone, 54 ride transit and 235 walk. In Hobbs, NM, 1,993 of 4,493 renter households pay 30% or more of income in rent; 5,043 households moved in since 2018 and 2,657 before 2000, so electric accounts turn over at a moderate pace. 7,806 residents of Hobbs, NM live below the poverty line, and the median age is 31.7. In Hobbs, NM, 735 households own no vehicle and 8,724 own two or more; home EV charging depends on that. Hobbs, NM homes: 10,387 have 3+ bedrooms, 1,361 none or one, median 5.2 rooms. In Hobbs, NM, 4,056 of 14,077 households earn under $35,000, 4,008 $35,000-$75,000, 3,648 $75,000-$150,000 and 2,365 $150,000 or more.

Household income in Hobbs, NM

% of households by income, Hobbs, NM

Under $35,00028.8
$35,000 to $75,00028.5
$75,000 to $150,00025.9
$150,000 or more16.8

Hobbs, NM households against New Mexico cities with 30,000+ residents
Hobbs, NM	Value	Rank in New Mexico
Hobbs, NM, households under $35,000	28.8%	5 of 10
Hobbs, NM, households $150,000 or more	16.8%	4 of 10
Hobbs, NM, residents below poverty	20.5%	3 of 10
Hobbs, NM, median age	31.7	10 of 10
Hobbs, NM, homes with 3+ bedrooms	66.2%	4 of 10
Hobbs, NM, households without a vehicle	5.2%	7 of 10
Hobbs, NM, households with 2+ vehicles	62.0%	4 of 10
Hobbs, NM, workers at home	2.2%	10 of 10
Hobbs, NM, cost-burdened renters	44.4%	9 of 10
Hobbs, NM, moved in since 2018	35.8%	6 of 10
Hobbs, NM, moved in before 2000	18.9%	4 of 10

Who supplies Hobbs

Lea County lists 3 utilities for Hobbs, NM (39,887 residents): homes pay 8.91 to 11.98 cents per kWh, about $58 to $78 a month at 654 kWh, 1.1% to 1.4% of the $65,691 Hobbs median income. Lea County page.

Facts about Hobbs

Residents of Hobbs, NM, ACS 2023: 39,8876 of 10 New Mexico cities with 30,000+
Median household income in Hobbs, NM: $65,6914 of 10 of those cities
Households in Hobbs, NM: 14,0772.83 people each
Owner-occupied homes in Hobbs, NM: 62.8%8,844 owners and 5,233 renter households
Housing units in Hobbs, NM: 15,6871,610 vacant or seasonal
Homes heated by electricity in Hobbs, NM: 47.0%6,621 of 14,077 homes
Land area of Hobbs, NM: 26.4 sq mi1,510.6 people per sq mi
Bill as share of income in Hobbs, NM: 1.1% to 1.4%at 654 kWh a month over the $65,691 median household income
Wind and tornado reports within 15 miles of Hobbs, NM: 48NWS point reports 2015 to 2025, 120.3 per 100,000 residents
Median year homes were built in Hobbs, NM: 19778,570 of 15,687 homes (54.6%) before 1980
Median home value and rent in Hobbs, NM: $180,700$1,132 gross rent a month, 7.52% of value a year

Outage risk around Hobbs

Hobbs, NM, NWS reports within 15 miles of the centre, 2015 to 2025: 47 wind and 1 tornado, 120.3 per 100,000 residents of 39,887. Top gust near Hobbs, NM: 113 knots, 130 mph. Damage near Hobbs, NM: $1.7M.

Reports within 15 miles of Hobbs, NM

wind and tornado reports, Hobbs, NM

4'15
2'16
10'17
4'18
3'19
0'20
3'21
3'22
14'23
3'24
2'25

Storm reports near Hobbs, NM
Hobbs, NM	Wind	Tornado	Total
Hobbs, NM, 2015	4	0	4
Hobbs, NM, 2016	2	0	2
Hobbs, NM, 2017	10	0	10
Hobbs, NM, 2018	4	0	4
Hobbs, NM, 2019	3	0	3
Hobbs, NM, 2021	3	0	3
Hobbs, NM, 2022	3	0	3
Hobbs, NM, 2023	13	1	14
Hobbs, NM, 2024	3	0	3
Hobbs, NM, 2025	2	0	2

Cost of living with electricity in Hobbs

Hobbs, NM: 14,077 households at $1,397 a year per home for electricity (Lea County average, DOE LEAD) come to about $19.7 million, an estimate; all home energy is $1,950 a year per household.

Home energy cost, Hobbs, NM
Group in Hobbs, NM	Households	Power per home	Power bill of the group	Share of Hobbs, NM median income
Hobbs, NM, all households	14,077	$1,397	$19.7 million	2.13%
Hobbs, NM, homeowners	8,844	$1,574	$13.9 million	2.40%
Hobbs, NM, renters	5,233	$1,014	$5.3 million	1.54%

Housing and heating in Hobbs

Hobbs, NM: 8,570 of 15,687 homes were built before 1980 and 3,830 in 2000 or later. Hobbs, NM has 10,703 detached houses, 1,848 homes in 5+ unit buildings and 1,643 mobile homes.

Age of homes in Hobbs, NM

% of homes by decade built, Hobbs, NM

3pre-40
340s
1650s
1960s
1470s
1480s
790s
1000s
1310s
120+

Heating fuel in Hobbs, NM

% of homes by main fuel, Hobbs

Electricity47.0
Utility gas46.1
Propane4.8

Hobbs, NM housing against its county and state cities
Hobbs, NM	Value	County	Gap	Rank
Hobbs, NM, median year built	1977	1977	+0 years	6 of 10
Hobbs, NM, built before 1980	54.6%	55.0%	-0.4 points	5 of 10
Hobbs, NM, built 2000 or later	24.4%	22.5%	+1.9 points	3 of 10
Hobbs, NM, detached houses	68.2%	69.3%	-1.0 points	6 of 10
Hobbs, NM, apartments in 5+ unit buildings	11.8%	7.0%	+4.7 points	3 of 10
Hobbs, NM, mobile homes	10.5%	17.5%	-7.1 points	4 of 10
Hobbs, NM, renter households	37.2%	30.5%	+6.7 points	5 of 10
Hobbs, NM, median home value	$180,700	$176,000	+$4,700	7 of 10
Hobbs, NM, median gross rent a month	$1,132	$1,119	+$13	4 of 10
Hobbs, NM, people per household	2.71	2.89	-0.18	3 of 10

Analyst note on Hobbs

Hobbs, NM counts 39,887 residents in 14,077 households, on 26.4 square miles. Household income in Hobbs, NM is $65,691; 8,844 of its 14,077 households own. 6,621 of the 14,077 occupied homes in Hobbs, NM heat with electricity.

Hobbs, NM has 15,687 housing units, 1,610 of them vacant or seasonal. Hobbs, NM ranks 1 of 10 New Mexico cities for the youngest residents (median age 31.7). Hobbs, NM ranks 2 of 10 New Mexico cities for the fewest cost-burdened renters (44.4%).

Hobbs, NM ranks 3 of 10 New Mexico cities for homes in buildings of 5+ units (12%).

Bill and heat pump calculator, Hobbs

Compare Hobbs with nearby cities

Nearest New Mexico cities with 30,000+ residents to Hobbs, NM
City near Hobbs, NM	Distance from Hobbs	Residents	Median income	Median year built	Median home value	Storm reports within 15 miles	Work from home
Hobbs, NM (this page)	0 mi	39,887	$65,691	1977	$180,700	48	2.2%
Carlsbad, NM	66.9 mi west	31,813 (-8,074)	$78,277 (+$12,586)	1970 (-7 yr)	$187,900 (+$7,200)	36 (-12)	6.0% (+3.8 pts)
Roswell, NM	90.9 mi northwest	47,823 (+7,936)	$50,294 (-$15,397)	1968 (-9 yr)	$139,200 (-$41,500)	34 (-14)	4.5% (+2.3 pts)
Clovis, NM	118.1 mi north	38,153 (-1,734)	$54,029 (-$11,662)	1975 (-2 yr)	$160,000 (-$20,700)	66 (+18)	3.5% (+1.3 pts)
Alamogordo, NM	163.1 mi west	31,063 (-8,824)	$52,515 (-$13,176)	1979 (+2 yr)	$163,600 (-$17,100)	25 (-23)	6.5% (+4.3 pts)
South Valley, NM	256.1 mi northwest	36,605 (-3,282)	$51,062 (-$14,629)	1968 (-9 yr)	$205,200 (+$24,500)	53 (+5)	7.0% (+4.8 pts)

ZIP codes in Hobbs

ZIP area touching Hobbs, NM	Share of the ZIP's land inside Hobbs	Share of Hobbs's land in the ZIP
88240 (Hobbs, NM)	4.2%	94.3%
88242 (Hobbs, NM)	2.0%	5.5%
88244 (Hobbs, NM)	100.0%	0.2%

Census 2020 ZCTA to place land-area overlap. Look up any ZIP.

New Mexico: home prices since 2001, planned plants.

Questions on Hobbs

Hobbs: what is the electricity rate?

Hobbs, NM has no price of its own; its 39,887 residents are served by one of 3 utilities, and a 654 kWh month costs $58 to $78.

Hobbs: how does it rank among New Mexico cities?

Hobbs, NM: rank 6 of 10 by its 39,887 residents, rank 4 of 10 by $65,691 median income.

Hobbs: how many homes heat with electricity?

Hobbs, NM: 6,621 of 14,077 occupied homes, 47.0%; Lea County 50.9%.

Hobbs: how much income goes to electricity?

At 654 kWh a month, 1.1% to 1.4% of the $65,691 median income in Hobbs, NM.

Hobbs: damaging storms reported nearby?

48 NWS wind and tornado reports within 15 miles of the centre of Hobbs, NM, 2015 to 2025, 120.3 per 100,000 residents.

How old are the homes in Hobbs?

Hobbs, NM: median home built 1977; 8,570 of 15,687 homes (54.6%) predate 1980, 10,703 are detached and 1,848 sit in buildings of 5+ units.

How many people in Hobbs, NM work from home?

377 of 17,054 workers.

How many Hobbs, NM renters struggle with rent?

1,993 of 4,493 renter households pay 30% or more of income in rent.

How many residents of Hobbs, NM live below the poverty line?

7,806 residents.

Primary sources for Hobbs, NM

Census Bureau profile of Hobbs, NM, ACS data
EIA-861 utility data for Hobbs, NM, prices
DOE LEAD tool for Hobbs, NM, energy burden
NOAA storms and FEMA flood claims for Hobbs, NM