Can A Physical Therapist Afford Rent in Hobbs, NM?
Comfortably affordable — rent takes 20% of gross income.
Hobbs rent: June 2026. Salary: BLS OEWS May 2024 (New Mexico state estimate).
About rent and a physical therapist salary
Physical therapist pay covers comfortable rent across most US metros. At the national-average PT salary, the 30% rule supports about $2,493 a month in rent, which is above the median in most cities tracked here.
Cheaper rent nearby
These New Mexico cities have lower median rent than Hobbs, which improves the affordability math on a physical therapist salary:
Compare with full rent data for Hobbs
View full rent data for Hobbs, NM →Frequently asked questions
Can a physical therapist afford rent in Hobbs, NM?
Median rent in Hobbs is $1,497 a month. A typical physical therapist in New Mexico earns about $89,739 a year, which makes that rent 20% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a physical therapist afford in Hobbs?
Using the 30% rule, a physical therapist salary in New Mexico (~$89,739/yr) supports up to $2,243 a month in rent. Hobbs's current median rent is $1,497/mo, which leaves a $746/mo buffer.
How many hours does a physical therapist work to cover rent in Hobbs?
At an hourly equivalent of about $43 an hour, a physical therapist in New Mexico works roughly 34.7 hours a month to cover Hobbs's median rent of $1,497.
Where is rent cheaper than Hobbs for a physical therapist?
Nearby New Mexico cities with lower median rent include Alamogordo ($1,496/mo), Alamogordo ($1,496/mo), Alamogordo ($1,495/mo). Each shifts the affordability math materially on a physical therapist salary.