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Hobbs is a city in Lea County, New Mexico, United States. Its population was 40,508 at the 2020 census , [ 4 ] increasing from 34,122 in 2010. Hobbs is the principal city of the Hobbs, New Mexico micropolitan statistical area , which includes all of Lea County.
New Mexico has the fifth lowest per capita income in the United States of America, at $17,261 (2000). Its personal per capita income is $25,541 (2003). New Mexico counties ranked by per capita income
Lea County Regional Airport (IATA: HOB, ICAO: KHOB) (Lea County-Hobbs Airport) is four miles (6.4 km) west of Hobbs, in Lea County, New Mexico, United States. The airport covers 898 acres (363 ha) and has three runways. It is an FAA certified commercial airport served by United Airlines' affiliate with daily regional flights. Lea County ...
Jul. 5—In a 5-part series, Business Outlook will take an in-depth look at New Mexico's economy, its major drivers and obstacles. Last week, in Part 1 of the series, we focused on oil and gas ...
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The Bureau of Economic Analysis calculated New Mexico's gross domestic product at $130.3 billion in 2023. "A lot of people don't realize that New Mexico has an automotive base in Santa Teresa ...
Lea County is located in the southeast corner of New Mexico and borders Texas to the south and east. The Permian Basin, 250 mi (400 km) wide and 350 mi (560 km) long, underlies Lea County and adjacent Eddy County, as well as a large portion of West Texas. It produces 500,000 barrels of crude a day, and this number was expected to double in 2019.
Sep. 20—Diversifying the state's economy will take decades. "We're not just going to turn off the spigot," said Mark Roper, the New Mexico Economic Development Department division director.