Lubbock, TX Cost Of Living
Cost Of Living In Lubbock, TX Summary
Cost of living in Lubbock research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Lubbock is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Texas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Lubbock is 89, with 100 being the average.
The cost of living index in Lubbock is 0.9x lower than the national average.
Lubbock ranks as the #193 cheapest in Texas out of 405.
Lubbock ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in Lubbock is $156,400.
The median income in Lubbock is $54,060.
Table Of Contents
Lubbock's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Lubbock, TX?
According to the most recent data on the cost of living, Lubbock has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Texas, Lubbock has a cost of living index that's 1.0x lower than Texas's index of 92.
The standard of living in Lubbock ranks as #193 most affordable out of the 405 places we measured in Texas. By definition, that implies Lubbock ranks as the #212 most expensive place in the Lone Star State.
For more reading on life in Lubbock, check out:
- Living In Lubbock
- Lubbock Crime Report
- Search Homes For Sale In Lubbock, TX
In Texas
In America
Lubbock Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Lubbock. Here is how it fairs on each of the criteria:
The Services index in Lubbock is 98.
The Groceries index in Lubbock is 96.
The Health index in Lubbock is 101.
The Housing index in Lubbock is 72.
The Transportation index in Lubbock is 87.
The Utilities index in Lubbock is 86.
| Living Expense | Lubbock | Texas | National Average | |
|---|---|---|---|---|
| Overall | 89 | 92 | 100 | |
| Services | 98 | 96 | 100 | |
| Groceries | 96 | 93 | 100 | |
| Health | 101 | 93 | 100 | |
| Housing | 72 | 84 | 100 | |
| Transportation | 87 | 92 | 100 | |
| Utilities | 86 | 104 | 100 | |
Lubbock, TX Housing Cost Breakdown
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Lubbock is $156,400.
The Median Rent in Lubbock is $1,000.
The Median Income in Lubbock is $54,060.
The Home Value To Income in Lubbock is 2.9x.
The Rent To Monthly Income in Lubbock is 0.22x.
| Statistic | Lubbock | Texas | United States |
|---|---|---|---|
| Median Home Value | $156,400 | $202,600 | $244,900 |
| Median Rent | $1,000 | $1,146 | $1,163 |
| Median Income | $54,060 | $67,321 | $69,021 |
| Home Value To Income | 2.9x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Lubbock, TX Costs By Category
Detailed Lubbock Services Costs Vs. Texas
Detailed Lubbock Groceries Costs Vs. Texas
Detailed Lubbock Health Costs Vs. Texas
Detailed Lubbock Transportation Costs Vs. Texas
Detailed Lubbock Utilities Costs Vs. Texas
Lubbock SnackAbility
/10
Cost Of Living In Cities Around Lubbock
The cost of living varies in the cities and towns around Lubbock. Here's a quick look at the cost of living in the most populous nearby places:
Plainview, TX has a cost of living index of 81, 0.9x Lubbock.
Levelland, TX has a cost of living index of 83, 0.9x Lubbock.
Slaton, TX has a cost of living index of 79, 0.9x Lubbock.
| City | Population | Cost Of Living | Vs. Lubbock |
|---|---|---|---|
| Plainview, TX | 20,180 | 81 | 0.9x |
| Levelland, TX | 12,854 | 83 | 0.9x |
| Slaton, TX | 5,886 | 79 | 0.9x |
| Wolfforth, TX | 5,432 | 92 | 1.0x |
