Farmington vs Hobbs
| Farmington | Hobbs | |
|---|---|---|
| Population | 46,457 | 39,782 |
| Median Household Income | $68,784 | $64,021 |
| Median Home Value | $233,000 | $191,300 |
| Median Gross Rent | $1,037/mo | $1,112/mo |
| Homeownership Rate | 66.2% | 66.0% |
| Unemployment Rate | 3.9% | 6.2% |
| Bachelor's Degree or Higher | 26.2% | 17.3% |
| Median Age | 38.7 | 32.5 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.