Hobbs, NM vs Roswell, NM

There is a significant gap in the cost of living between these two cities. Roswell is 17.7% cheaper than Hobbs. With a cost index of 69 vs 81, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Roswell to Hobbs should plan for substantially higher expenses across most categories.

On the housing front, median rent in Hobbs is $1,132/month compared to $840/month in Roswell — a 35% difference. Home values follow the same pattern: Roswell is more affordable at $139,200 median vs $180,700.

Median household income in Hobbs is $65,691 compared to $50,294 in Roswell (+30.6%). 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 Hobbs spend roughly 20.7% of their income on rent, more than the 20% in Roswell.