College Costs in Hobbs, NM 2026
Compare tuition, housing, and financial aid across 2 colleges in Hobbs, New Mexico. Use our free calculator to estimate your total cost.
Avg Public Tuition
$7,700
per year
Avg Private Tuition
$20,000
per year
Avg Rent Near Campus
$765
per month
Colleges & Universities
2
institutions
Hobbs Overview
Population
40,508
Student Population
2,093 (5.2%)
Cost of Living Index
94.7 (avg: 100)
Walk Score
50/100
Transit Score
19/100
Unemployment Rate
4.6%
College Cost Calculator for Hobbs
Cost Inputs
Total Cost (4 Years, Public In-State)
$87,768
Total After Financial Aid
$87,768
Annual Cost
$21,942
Annual After Aid
$21,942
Cost Breakdown (4 Years)
If Financed (10-Year Loan at 6.5%)
| Loan Amount | $87,768 |
| Monthly Payment | $997 |
| Total Interest | $31,823 |
| Total Loan Cost | $119,591 |
Universities in Hobbs
| University | Type | Annual Tuition |
|---|---|---|
| Hobbs State University | Public | $8,123 |
| Hobbs Community College | Community | $5,710 |
Hobbs has 2 total colleges and universities. Tuition figures are approximate annual in-state rates for the 2025-2026 academic year.
Cost of Living in Hobbs vs. National Average
| Category | Hobbs | National Avg | Difference |
|---|---|---|---|
| Public Tuition (In-State) | $7,700 | $10,940 | -$3,240 |
| Monthly Rent Near Campus | $765 | $1,050 | -$285 |
| Cost of Living Index | 94.7 | 100 | -5.299999999999997 |
Hobbs's cost of living is below the national average. This makes it a more affordable city for students compared to many other college towns.
Student Life in Hobbs
Walk Score
Somewhat Walkable
Transit Score
Minimal Transit
Student Population
2,093 students
Hobbs has a total population of 40,508, with approximately 2,093 college students (5.2% of the population). While not primarily a college town, Hobbs offers students access to urban amenities, diverse employment opportunities, and a wide range of cultural experiences.
Post-Graduation Outlook in Hobbs
$33,426
Starting Salary
4.6%
Unemployment Rate
49%
Graduation Rate
~0 yrs
ROI Payback Period
Return on Investment Analysis
Graduates from colleges in Hobbs earn a median starting salary of $33,426, which is -$1,574 more per year than the average high school graduate salary of $35,000. At a 4-year public university cost of $87,768 (including room and board), it would take approximately 0 years of the salary premium to recoup the investment. With average financial aid of $10,688 per student per year, the net cost and payback period can be significantly reduced.
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