Hobbs, NM 88240 ZIP Code Profile

Related Place Profiles:
Hobbs, NM | Oil Center, NM
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ZIP Code 88240: Basic Data & USPS Preferred City Name

Preferred Name, USPS
Hobbs, NM 88240

Acceptable Alternative
Oil Center, NM 88240

  • ZIP Code Type: STANDARD
  • Businesses Addresses: 1,537
  • Single Family Addresses: 13,569
  • Multi-Family Addresses: 1,196
  • County: Lea County
  • Centroid: Latitude 32.725, Longitude -103.141
  • Time Zone: Mountain Time Zone (UTC -7 hours)
  • Observes DST: Yes

ZIP Code 88240 has segments in 2 Counties (Gaines, Lea).


Neighborhood Data

Address Based Hyperlocal Data Input an address and get data & demographics for the pertinent census block group (CBG), a searchable map and a customized directory. The CBG is the smallest geographical unit used by the Census Bureau for reporting certain data.


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88240 ZIP Code Map

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Hobbs, NM 88240 Data & Demographics (As of July 1, 2016)

POPULATION

Total Population 41,450
Population in Households 40,057
Population in Familes 33,529
Population in Group Qrtrs 1,393
Population Density1 58
Diversity Index2 74
 

HOUSEHOLDS

Total Households 14,045
Average Household Size 2.85
Family Households 9,853
Average Family Size 3

HOUSING

Total Housing Units 15,380 (100%)
Owner Occupied HU 8,610 (56.0%)
Renter Occupied HU 5,435 (35.3%)
Vacant Housing Units 1,335 ( 8.7%)
Median Home Value $108,959
Average Home Value $133,055
 

INCOME

Median Household Income $46,761
Average Household Income $61,412
Per Capita Income $21,514
  (Compound Annual Growth Rates)

GROWTH RATES

2010-2015 2015-2020
Population 1.67% 1.34%
Households 1.56% 1.28%
Families 1.33% 1.13%
Median Household Income   1.76%
Per Capita Income   1.14%
1) Population Density = Total Population per square mile.
2) The Diversity Index is a scale of 0 to 100 that represents the likelyhood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
Based on Census 2010 counts, the Diversity Index for the United States was 60.6 and it is expected to increase to 64.8 by July 1, 2018.

Hobbs, NM 88240 - Peer Comparisons by Rank and Percentile

The table below compares 88240 to the other 329 ZIP Codes in New Mexico by rank and percentile using July 1, 2016 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 13 96th
Population Density1 # 92 72nd
Diversity Index2 # 70 79th
Median Household Income # 86 74th
Per Capita Income # 166 50th

Additional comparisons and rankings can be made with a VERY EASY TO USE New Mexico Census Data Comparison Tool.


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