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Cost & Benefits

Hobbs vs Socorro

Simple answer

You'd likely save $401 a month in Socorro.

Typical rent is $1,112 in Hobbs and $711 in Socorro. This is the Census typical rent, not a promise about your lease.

Hobbs

New Mexico

Typical rent
$1,112
Typical pay
$64,021 a year
2-bedroom fair rent
$1,327
Price index
92.2 (state)

Socorro

New Mexico

Typical rent
$711
Typical pay
$39,375 a year
2-bedroom fair rent
$1,014
Price index
92.2 (state)

Benefits after a move

Hobbs and Socorro are in the same state, so the benefit rules do not change when you move between them.