Cost of Living in Lubbock, TX
Lubbock has a cost of living index of 84 (100 = national average), making it significantly more affordable than the national average. The median household income is $49,459 and the median home price is $210,000.
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Lubbock at a Glance
Population
264,408
Cost of Living Index
84
Median Income
$49,459
Median Home Price
$210,000
Property Tax Rate
1.90%
Sales Tax Rate
8.25%
Rent Index
70
State
Texas
Living in Lubbock
Lubbock offers a cost of living below the national average, making it an attractive option for those looking to stretch their dollar further. The median home price of $210,000 is well within reach for many families.
The combined sales tax rate in Lubbock is 8.25%, and the effective property tax rate is 1.90%. Property taxes are above the national average, which is an important consideration for homebuyers.