Hobbs, NM 88240

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 5480 10100 $11,606 $1,470
(3.1% of returns)
$2,028
(2.55% of returns)
$5,325
$25,000 to $50,000 3690 8540 $28,989 $1,906
(4.07% of returns)
$6,522
(7.32% of returns)
$5,045
$50,000 to $75,000 2440 6840 $41,727 $3,100
(5.33% of returns)
$15,252
(10.25% of returns)
$5,968
$75,000 to $100,000 1420 4150 $52,632 $4,753
(9.15% of returns)
$20,650
(12.68% of returns)
$5,855
$100,000 to $200,000 1470 4310 $72,611 $4,316
(17.01% of returns)
$22,731
(12.93% of returns)
$6,690
Over $200,000 240 610 $208,604 $16,300
(41.67% of returns)
$30,075
(16.67% of returns)
$7,807
For Zip 14740 34550 $38,556

`

Income Tax Rates

Rate Minimum Income Maximum Income
0.017 0 5500
0.032 5500 11000
0.047 11000 16000
0.049 16000 null

Property Tax Rates

Rate Rank (compared to Other States)
0.0068 37

Sales Tax Rates

State Rate Average Local Rate Combined Rate Rank (compared to Other States)
0.05125 0.0269 0.0782 15