ZIP Code 88240 — Hobbs, NM

Lea | 2024 Census Data

Key Takeaway

ZIP code 88240 in Hobbs, NM has a population of 41,557 with a median household income of $63,270 and a median home value of $186,900 . The cost of living index is 76.7 (national average = 100).

Population & Age

Total Population
41,557
Median Age
31.20
Male
21,256
Female
20,301

Race & Ethnicity

White
39.1%
Black
5.3%
Hispanic
63.7%
Asian
0.9%
Native American
0.9%
Pacific Islander
0.0%
Two or More
38.8%
Other
15.0%

Income

Median Household
$63,270
Mean Household
$89,926
Per Capita
$31,306
Below Poverty
19.4%

Housing

Median Home Value
$186,900
Median Rent
$1,100
Total Units
16,720
Occupied
14,532
Owner Occupied
67.1%
Renter Occupied
32.9%
Median Year Built
1980
Vacant
2,188

Education

High School or Higher 73.8%
Bachelor's or Higher 16.3%
Graduate Degree 6.5%

Employment & Commuting

Labor Force
19,319
Unemployment
6.9%
Drive Alone
75.4%
Public Transit
0.3%
Work from Home
2.6%
Avg Commute
N/A

Cost of Living Index

76.7
National average = 100. Below average by 23.3%.

Nearby ZIP Codes

88265
Monument
0.6 mi
88260
Lovington
2.5 mi
88114
Crossroads
4.3 mi
88242
Zcta 88242
11.7 mi
88264
Maljamar
13.8 mi
88262
Mc donald
13.8 mi
88231
Eunice
15.0 mi

Compare This ZIP Code

Frequently Asked Questions

What is the population of ZIP code 88240?

ZIP code 88240 (Hobbs, NM) has a total population of 41,557 according to the 2024 American Community Survey.

What is the median household income in ZIP code 88240?

The median household income in ZIP code 88240 is $63,270 per year, based on 2024 Census Bureau data.

What city is ZIP code 88240 in?

ZIP code 88240 is primarily located in Hobbs, New Mexico (NM).

What is the median home value in ZIP code 88240?

The median home value in ZIP code 88240 is $186,900, based on the 2024 American Community Survey 5-year estimates.

What is the median age in ZIP code 88240?

The median age in ZIP code 88240 is 31.20 years, compared to the national median of 38.9 years.