Housing costs in Lubbock?
A typical home costs
$217,600, which is 35.6% less expensive than the national average of
$338,100 and 26.9% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Lubbock costs
$1,050 per month, which is 18.0% cheaper than the national average of
$1,280 and 3.8% more than the state average of
$1,010.
Can I afford Lubbock?
To live comfortably in Lubbock (zip 79406), Texas, a minimum annual income of
$41,760 for a family, and
$34,400 for a single person is recommended.
What does A.I. say about Lubbock?
The cost of living in 79406 Lubbock, TX is relatively low compared to other places in the U.S. The median home price in 79406 is around $156,000 which is lower than the national average of $184,700. Furthermore, the overall cost of living index for 79406 is 81.5 which is lower than the U.S average of 100. Other costs in 79406 such as groceries are also slightly cheaper than the national average, with a cost of living index value of 94. Additionally, local taxes in Lubbock are also among some of the lowest in Texas with a total sales tax rate of 8.25%. All these factors combined make Lubbock an ideal place for people looking to save money on their living expenses.