Hobbs, NM 88242

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 870 1500 $10,817 $1,725
(4.6% of returns)
$1,725
(4.6% of returns)
$0
$25,000 to $50,000 560 1270 $29,692 $1,725
(7.14% of returns)
$6,833
(10.71% of returns)
$5,600
$50,000 to $75,000 450 1150 $40,926 $2,600
(8.89% of returns)
$15,616
(13.33% of returns)
$6,588
$75,000 to $100,000 330 900 $52,714 $3,475
(12.12% of returns)
$22,900
(15.15% of returns)
$6,540
$100,000 to $200,000 490 1450 $72,250 $4,420
(20.41% of returns)
$22,077
(18.37% of returns)
$7,656
Over $200,000 130 340 $218,270 $15,540
(38.46% of returns)
$0
(0% of returns)
$11,425
For Zip 2830 6610 $50,733

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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