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Hobbs city, NM
ZIP 88240 — Economy & Jobs
Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.
Middle ClassLow Snow Area
Income, employment, industries, and economic trends
Income & Economy in Hobbs city, NM (88240)
Median Income
$65,394
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,314
Wealth inflow
Population
41,612
Unemployment
6.8%
3.0pp above US avg
IRS migration statistics show a net inflow of about 1,314 for ZIP 88240 (Hobbs city, NM) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 88240 (2020–Present)
Since 2020, population grew 0.1%, median income fell 4.9% (inflation-adjusted), home values increased 7.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $65,394 |
| Unemployment | 6.8% |
| Establishments | 1,090 |
| Employees | 16,812 |