Chaparral, NM vs Hobbs, NM

There is a significant gap in the cost of living between these two cities. Chaparral is 18.5% cheaper than Hobbs. With a cost index of 66 vs 81, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Chaparral to Hobbs should plan for substantially higher expenses across most categories.

On the housing front, median rent in Chaparral is $874/month compared to $1,132/month in Hobbs — a 23% difference. Home values follow the same pattern: Chaparral is more affordable at $101,900 median vs $180,700.

Median household income in Chaparral is $46,102 compared to $65,691 in Hobbs (-29.8%). While Hobbs is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Chaparral spend roughly 22.7% of their income on rent, more than the 20.7% in Hobbs.