Real Estate Agent Salary in Hobbs, NM: $49,221 (2026)
Quick Answer:A full-time real estate agent in Hobbs, NM earns a median $49,221/year (≈ $23.66/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-9022). Once you factor in Hobbs's price level (6% below national, BEA RPP 94.4), that paycheck buys what $52,141 would nationally. Nominal pay sits 2.8% below the New Mexico state average.
Based on BLS state-level estimates · View source
In 2026, the expected annual median salary for real estate agents in Hobbs, New Mexico, is projected to be $49,221, which is about 8.21% lower than the national median of $53,622. The salary range for agents spans from a minimum of $30,022 at the 10th percentile to a maximum of $76,293 at the 90th percentile. These figures reflect local estimates derived from 2025 BLS data, adjusted for regional price disparities. The dynamics of the local real estate market play a significant role in shaping earnings; agents who work with established teams or reputable brokerages may see higher earnings compared to solo agents or those affiliated with lesser-known firms. The field in Hobbs currently employs nine real estate agents, emphasizing the competitive nature of the job market.
About the Hobbs Market
Salary estimated from New Mexico average ($62,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $30,022 | $14.43 |
| Lower Range (P25) | $39,286 | $18.89 |
| Median (P50)(typical) | $49,221 | $23.66 |
| Upper Range (P75) | $63,003 | $30.29 |
| Top Earners (P90) | $76,293 | $36.68 |
Median Salary Position
8.21% below the national average
2026 Salary Percentile Distribution in Hobbs
In Hobbs, NM, the real estate agent salary spread from the 10th to 90th percentile is $46,271 (2026 est.). At $49,221, the local median is 8.21% below the national median of $53,622.
Salary Calculator
At 40 hours/week in Hobbs: You'd be in the lower-middle range
How Hobbs Real Estate Agent Pay Compares
Hobbs median: $49,221/year (2026)
| Compared To | Median Salary | Hobbs Pays |
|---|---|---|
| New Mexico Average | $50,639 | -2.80% less |
| National Average | $53,622 | -8.21% less |
Real Estate Agents in Hobbs, NM earn a median of $49,221 per year (2026 est.), which is 8.21% lower than the national median of $53,622 and 2.80% below the New Mexico state average of $50,639.
Cost-of-Living Adjusted Salary
Hobbs has a cost of living 5.60% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Hobbs, NM has a cost-of-living index of 94.4 (below the national average of 100). A real estate agent earning $49,221 nominally has purchasing power equivalent to $52,141 in an average-cost city — an effective 5.93% boost.
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2019 BLS Actual
$44,914
2025 BLS Actual
$48,494
2026 Current Est.
$49,221
2019–2027 Growth
+11.2%
Salary Trajectory for Real Estate Agents in Hobbs (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $44,914 | Actual |
| 2020 | $45,015 | Actual |
| 2021 | $44,373 | Actual |
| 2022 | $45,878 | Actual |
| 2023 | $49,843 | Actual |
| 2024 | $56,911 | Actual |
| 2025 | $48,494 | Actual |
| 2026(current) | $49,221 | Estimated |
| 2027 | $49,960 | Projected |
Based on 7 years of BLS OEWS data for the Hobbs metropolitan area, the median real estate agent salary grew 8.0% from $44,914 (2019) to $48,494 (2025). At a 1.50% compound annual growth rate, salaries are projected to reach $49,960 by 2027 — a total increase of $5,046 (11.23%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Hobbs metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 1.50% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $30,022 – $39,286 |
| 3-5 years (Mid Career) | $39,286 – $49,221 |
| 5+ years (Experienced) | $49,221 – $63,003 |
| 10+ years (Top Earner) | $63,003 – $76,293 |
REA salary ranges estimated from BLS percentile data. Individual real estate agent compensation varies by employer, certifications, and specialization.
Real Estate Agent Job Market in Hobbs
Hobbs's cost of living index stands at 94.4, which is below the national average and indicates a more favorable environment for purchasing power despite the lower salary figures in real estate agent pay compared to national averages. Among the various options for employment, national franchise brokerages like Keller Williams or RE/MAX often offer higher compensation due to their established clientele and resources. The significant variation in earnings can be attributed to factors like commission splits with brokerages, the volume of transactions, and the average sale price of properties. Agents focusing on luxury or commercial real estate typically earn more, owing to larger commission percentages while navigating the post-2024 NAR commission structure changes. For agents in Hobbs, joining a team or focusing on higher-end properties may provide better opportunities for maximizing earnings in this evolving market.
More salary data for Hobbs, NM:
Frequently Asked Questions
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Related Pages
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Written by Maria Gonzalez, REALTOR®
Career Analyst
Maria has 10 years of experience as a real estate agent. She specializes in residential properties. She works with a large brokerage in Texas.
Methodology & Data Source
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $48,494 for real estate agentsin the Hobbs metropolitan area. A 1.50% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Hobbs is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 1.50%, derived from historical BLS wage trends for real estate agents (SOC 41-9022).
Compiled and verified by Maria Gonzalez, REALTOR®, a licensed real estate agent with 10+ years of clinical experience. · View source data at BLS.gov