Rent & cost of living comparison
Portales, NM is 42% cheaper to rent than Hobbs, NM, with median rents of $862 vs $1,497. Household income is higher in Hobbs, NM ($64,021 vs $50,555). Portales, NM is more renter-heavy at 52.4% renters.
Source: U.S. Census Bureau ACS, Zillow ZORI, HUD Fair Market Rents
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