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88240 Income Statistics

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Comparison to Surrounding Areas

88240 Median Household Income

The median household income ($63,083) for 88240 is less than the median household income for 88260 ($72,510), 88210 ($74,932), 88220 ($79,809), 88231 ($74,545), 88242 ($82,041), 79360 ($81,607), 79714 ($86,458), Lea County ($65,855), Hobbs city ($63,804), Nadine CDP ($102,569), and North Hobbs CDP ($78,608). But it's more than 88244 ($-1), 88264 ($-1), and 88265 ($-1).

88240$63,083
Hobbs city$63,804
Nadine CDP$102,569
North Hobbs CDP$78,608
Lea County$65,855

88240 Average Household Income

The average household income ($85,711) for 88240 is less than the average household income for 88265 ($106,295), 88210 ($92,209), 88220 ($98,021), 88242 ($99,873), 88260 ($87,298), 79360 ($91,978), 79714 ($112,085), Lea County ($86,086), Hobbs city ($88,552), Nadine CDP ($91,655), and North Hobbs CDP ($92,101). But it's more than 88231 ($77,456), 88244 ($-1), and 88264 ($-1).

88240$85,711
Hobbs city$88,552
Nadine CDP$91,655
North Hobbs CDP$92,101
Lea County$86,086

88240 Per-Capita Income

The per-capita income for 88240 is $29,843. The per capita income ($29,843) for 88240 is less than the per capita income for 88265 ($54,539), 88210 ($34,031), 88220 ($37,385), 88242 ($36,403), 79714 ($39,749), Nadine CDP ($49,641), North Hobbs CDP ($32,384), and Hobbs city ($30,660). But it's more than 79360 ($28,326), 88231 ($26,973), 88244 ($3,156), 88260 ($28,221), 88264 ($-1), and Lea County ($29,635).

88240$29,843
Hobbs city$30,660
Nadine CDP$49,641
North Hobbs CDP$32,384
Lea County$29,635

88240 High Income Households

7.2% of households make over $200,000 a year. The percent high income households (7.2%) for 88240 is more than 88265 (0.0%), 88242 (10.7%), 88244 (-1.0%), 88260 (5.7%), 88264 (-1.0%), 79360 (5.9%), 79714 (12.9%), 88210 (4.7%), 88220 (9.2%), 88231 (5.0%), Lea County (7.0%), Hobbs city (8.1%), Nadine CDP (0.0%), and North Hobbs CDP (8.4%).

882407.2%
Hobbs city8.1%
Nadine CDP0.0%
North Hobbs CDP8.4%
Lea County7.0%

88240 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
88240$31,540$74,203$68,431$34,359
Hobbs city$32,104$78,684$69,203$35,828
Nadine CDP$-1$-1$103,542$87,679
North Hobbs CDP$-1$80,049$87,981$49,792
Lea County$42,719$76,833$73,560$36,142

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About the Data

Sources & Margins of Error

All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2022 5-year estimates. You can find this information and other demographics for 88240 on the US Census Bureau’s website. These values are in 2022 inflation-adjusted dollars and were downloaded on 7 December 2023.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars) By Age Of Householder

Margins of error for the above income data are:

Median Household Income Average Household Income Per Capita Income High Income Households Median Household Income by Age of Householder
under 25 25 to 44 45 to 64 65+
88240+/-$5,481+/-$8,853+/-$3,073+/-2.9%+/-$10,604+/-$13,006+/-$16,431+/-$6,828
Hobbs city+/-$5,254+/-$9,460+/-$3,405+/-3.0%+/-$17,311+/-$14,902+/-$15,802+/-$11,883
Nadine CDP+/-$54,552+/-$20,264+/-$9,129+/-24.8%+/-$-1+/-$-1+/-$42,339+/-$57,583
North Hobbs CDP+/-$11,986+/-$14,262+/-$5,422+/-4.5%+/-$-1+/-$10,103+/-$16,986+/-$26,830
Lea County+/-$4,832+/-$5,803+/-$1,867+/-1.9%+/-$19,805+/-$8,051+/-$9,172+/-$4,180