Cost of Living: Hobbs, NM vs Lockney, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hobbs | Lockney |
|---|---|---|
| Housing Index | 90.2 | Data is updating |
| Median Home Price | $265,000 | $107,000 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1280 | $Data is updating |
Housing Comparison: Hobbs vs Lockney
- In Hobbs, the median home price is higher at $265,000, while in Lockney it is $107,000.
- The rent for a two-bedroom apartment is equal in both Hobbs and Lockney at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hobbs | Lockney |
|---|---|---|
| Electricity Price | $14.44 | $14.47 |
| Natural Gas Price | $Data is updating | $26.29 |
| Other Utilities | $220 | $Data is updating |
Utilities Comparison: Hobbs vs Lockney
- Lockney has higher electricity costs at $14.47 per kWh, versus $14.44 in Hobbs.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Hobbs and Lockney averaging $220.