88240 Map

88240 Income Statistics

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Comparison to Surrounding Areas

88240 Median Household Income

The median household income ($65,394) for 88240 is less than the median household income for 88260 ($75,197), 88210 ($80,423), 88220 ($79,668), 88231 ($72,019), 88242 ($88,654), 79360 ($85,360), 79714 ($76,902), Lea County ($68,750), Hobbs city ($65,691), Nadine CDP ($108,164), and North Hobbs CDP ($89,279). But it's more than 88244 ($-1), 88264 ($-1), and 88265 ($-1).

88240$65,394
Hobbs city$65,691
Nadine CDP$108,164
North Hobbs CDP$89,279
Lea County$68,750

88240 Average Household Income

The average household income ($91,592) for 88240 is less than the average household income for 88242 ($107,299), 79714 ($102,475), 88210 ($97,068), 88220 ($98,114), 79360 ($95,990), Lea County ($92,292), Hobbs city ($93,807), and North Hobbs CDP ($103,035). But it's more than 88231 ($88,241), 88244 ($-1), 88260 ($91,275), 88264 ($-1), 88265 ($75,892), and Nadine CDP ($90,791).

88240$91,592
Hobbs city$93,807
Nadine CDP$90,791
North Hobbs CDP$103,035
Lea County$92,292

88240 Per-Capita Income

The per-capita income for 88240 is $32,233. The per capita income ($32,233) for 88240 is less than the per capita income for 79714 ($36,935), 88210 ($35,667), 88220 ($38,723), 88242 ($36,740), Nadine CDP ($41,482), North Hobbs CDP ($34,610), and Hobbs city ($33,083). But it's more than 88244 ($4,601), 79360 ($30,492), 88231 ($31,006), 88265 ($25,113), 88260 ($28,040), 88264 ($-1), and Lea County ($31,554).

88240$32,233
Hobbs city$33,083
Nadine CDP$41,482
North Hobbs CDP$34,610
Lea County$31,554

88240 High Income Households

8.3% of households make over $200,000 a year. The percent high income households (8.3%) for 88240 is less than the percent high income households for 79360 (8.6%), 79714 (10.4%), 88220 (10.5%), 88242 (13.8%), Lea County (8.5%), Hobbs city (9.2%), and North Hobbs CDP (11.5%). But it's more than 88244 (-1.0%), 88210 (8.1%), 88231 (8.1%), 88265 (0.0%), 88260 (7.5%), 88264 (0.0%), and Nadine CDP (0.0%).

882408.3%
Hobbs city9.2%
Nadine CDP0.0%
North Hobbs CDP11.5%
Lea County8.5%

88240 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
88240$36,201$75,979$69,790$34,738
Hobbs city$40,118$75,858$70,504$35,837
Nadine CDP$-1$-1$-1$-1
North Hobbs CDP$95,170$109,034$85,875$77,600
Lea County$46,827$76,341$79,449$35,182

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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 2023 5-year estimates. You can find this information and other demographics for 88240 on the US Census Bureau’s website. These values are in 2023 inflation-adjusted dollars and were downloaded on 12 December 2024.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2023 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+/-$6,258+/-$9,981+/-$3,581+/-2.9%+/-$16,895+/-$13,226+/-$17,744+/-$4,465
Hobbs city+/-$6,349+/-$10,305+/-$3,702+/-3.0%+/-$19,588+/-$13,540+/-$16,173+/-$8,808
Nadine CDP+/-$51,316+/-$27,990+/-$12,007+/-38.0%+/-$-1+/-$-1+/-$-1+/-$-1
North Hobbs CDP+/-$7,486+/-$14,616+/-$4,939+/-4.7%+/-$9,034+/-$19,332+/-$27,368+/-$43,787
Lea County+/-$4,810+/-$6,872+/-$2,112+/-2.1%+/-$15,976+/-$5,329+/-$11,318+/-$3,557