Cost of Living in Lubbock, TX
2024 data from the Bureau of Economic Analysis
Cost Index
91.3
8.7% below avg
Housing Index
76.4
Median Income
$61,535
Median Rent
$1,082/mo
Cost Breakdown
Overall91.3 (-8.7%)
Housing76.4 (-23.6%)
Goods93.8 (-6.2%)
Utilities82.8 (-17.2%)
Other Services96.2 (-3.8%)
National average = 100
Income & Housing
Median Household Income
$61,535/year
Median Home Value
$180,100
Median Monthly Rent
$1,082/mo
Per Capita Income
$33,608/year
Compare Lubbock, TX With
Frequently Asked Questions
Is Lubbock, TX expensive to live in?
Lubbock, TX has a cost of living index of 91.3, which is 8.7% below the national average.
How much does housing cost in Lubbock, TX?
Housing costs in Lubbock, TX are indexed at 76.4 compared to the national average of 100. The median monthly rent is $1,082.
What is the average income in Lubbock, TX?
The median household income in Lubbock, TX is $61,535 per year.
What is the average home price in Lubbock, TX?
The median home value in Lubbock, TX is $180,100.