Clayton, NM vs North Hobbs, NM

There is a significant gap in the cost of living between these two cities. Clayton is 28.6% cheaper than North Hobbs. With a cost index of 61 vs 85, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Clayton to North Hobbs should plan for substantially higher expenses across most categories.

On the housing front, median rent in Clayton is $637/month compared to $1,109/month in North Hobbs — a 43% difference. Home values follow the same pattern: Clayton is more affordable at $111,500 median vs $233,200.

Median household income in Clayton is $40,192 compared to $89,279 in North Hobbs (-55%). While North 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 Clayton spend roughly 19% of their income on rent, more than the 14.9% in North Hobbs.