Housing costs in Lubbock?
A typical home costs
$282,400, which is 16.5% less expensive than the national average of
$338,100 and 5.1% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Lubbock costs
$1,040 per month, which is 18.8% cheaper than the national average of
$1,280 and 2.9% more than the state average of
$1,010.
Can I afford Lubbock?
To live comfortably in Lubbock (zip 79424), Texas, a minimum annual income of
$54,000 for a family, and
$34,400 for a single person is recommended.
What does A.I. say about Lubbock?
Living in 79424 Lubbock, TX is very affordable thanks to the low cost of living. The average cost of housing is extremely reasonable, with a median home price averaging around $132,100. Renters can also enjoy finding housing for an equally fair price, with the median rent at $769 per month. Groceries and other necessities are also inexpensive in Lubbock, with prices about 8% lower than the national average. Low taxes and energy costs further add to the savings when living in 79424 Lubbock, TX. All of these factors contribute to make it a great place to live for those looking for a low-cost option and plenty of amenities.