North Hobbs CDP, NM

ZIP 88242 — 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 North Hobbs CDP, NM (88242)

Median Income

$88,654

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+243

Wealth inflow

Population

7,684

Unemployment

8.2%

4.5pp above US avg

IRS migration statistics show a net inflow of about 243 for ZIP 88242 (North Hobbs CDP, 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.

Economic Indicators

Unemployment

8.2%+120% vs US avg

Self-Employed

2.8%-54% vs US avg

SNAP Benefits

12.3%+5% vs US avg

Establishments

1,158

Employees

~14 per establishment — small businesses dominate

Mining

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining16.6%
Construction10.8%
Manufacturing2.4%
Wholesale trade2.6%
Retail trade12.8%
Transportation, utilities8.8%
Information2.6%
Finance, insurance, real estate5.2%
Professional, scientific, management6.7%
Education, health care, social17.7%
Arts, entertainment, food services7.1%
Other services2.9%
Public administration3.9%

Household Income

Historical Trends in 88242 (2020–Present)

Since 2020, population grew 8.6%, median income rose 2.3% (inflation-adjusted), home values decreased 6.8%.

Median Income

$88,654

+18% vs US avg

Unemployment Rate