ZIP Code 88240 — Hobbs, NM
IRS Income Data, Tax Year 2022
$61,935
Average AGI
#17,444
National Rank
#59
NM State Rank
15,770
Tax Returns
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 88240.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 5,140 | $65,478,000 | $12,738 | 32.6% |
| $25,000 - $50,000 | 3,920 | $141,911,000 | $36,201 | 24.9% |
| $50,000 - $75,000 | 2,400 | $148,546,000 | $61,894 | 15.2% |
| $75,000 - $100,000 | 1,660 | $143,413,000 | $86,393 | 10.5% |
| $100,000 - $200,000 | 2,200 | $294,807,000 | $134,003 | 14.0% |
| $200,000 or more | 450 | $182,571,000 | $405,713 | 2.9% |
| Total | 15,770 | $976,726,000 | $61,935 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Odessa, TX | 75 mi | $72,784 | 72,480 |
| Midland, TX | 83 mi | $140,083 | 73,100 |
| Lubbock, TX | 101 mi | $77,152 | 120,480 |
| El Paso, TX | 194 mi | $56,636 | 303,970 |
| Amarillo, TX | 194 mi | $77,352 | 102,080 |
| Abilene, TX | 202 mi | $71,904 | 55,460 |
Similar ZIP Codes in New Mexico
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 87112 | Albuquerque | $62,073 | #17,368 |
| 87829 | Quemado | $61,434 | #17,759 |
| 87116 | Albuquerque | $61,260 | #17,869 |
| 88337 | La Luz | $62,737 | #16,983 |
| 87827 | Pie Town | $62,807 | #16,943 |
| 87734 | Ocate | $60,709 | #18,228 |
| 88005 | Las Cruces | $60,659 | #18,253 |
| 88311 | $60,653 | #18,258 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 88265 | Monument, NM | 0.6 mi | $58,245 | #19,761 |
| 88260 | Lovington, NM | 2.5 mi | $71,865 | #12,018 |
| 88242 | Zcta 88242, NM | 11.7 mi | $92,932 | #5,715 |
| 79360 | Seminole, TX | 26.7 mi | $75,274 | #10,530 |
| 79323 | Denver City, TX | 34.4 mi | $75,424 | #10,480 |
| 79342 | Loop, TX | 36.0 mi | $71,735 | #12,088 |
| 88252 | Jal, NM | 38.4 mi | $64,100 | #16,216 |
| 88267 | Tatum, NM | 41.9 mi | $67,006 | #14,538 |
About This Data
Income data is based on IRS Statistics of Income (SOI) ZIP code data for Tax Year 2022. AGI (Adjusted Gross Income) represents gross income minus certain deductions. Rankings are calculated across 210 ZIP codes in New Mexico and all U.S. ZIP codes nationally. Data reflects tax returns filed, not total population.