Lovington, NM vs North Hobbs, NM

Lovington is moderately more affordable than North Hobbs, with a 8.4% lower cost of living index. Lovington scores 78 compared to 85 for North Hobbs, where the US average is 100. This difference means residents of North Hobbs can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lovington is $1,063/month compared to $1,109/month in North Hobbs — a 4% difference. Home values follow the same pattern: Lovington is more affordable at $162,900 median vs $233,200.

Median household income in Lovington is $67,284 compared to $89,279 in North Hobbs (-24.6%). 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 Lovington spend roughly 19% of their income on rent, more than the 14.9% in North Hobbs.