Cobargo is a village in the south-east area of the state of New South Wales in Australia in Bega Valley Shire. At the 2016 census, Cobargo had a population of 776 people. It is 386 km south of Sydney on the Princes Highway between Narooma and Bega. The town suffered heavy losses during the 2019 bushfires. The name Cobargo may have originated from the local Indigenous Australian word 'cubago' which some sources claim was used to describe nearby Mount Gulaga.