Housing costs in Lubbock?
A typical home costs
$209,200, which is 38.1% less expensive than the national average of
$338,100 and 29.7% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Lubbock costs
$940 per month, which is 26.6% cheaper than the national average of
$1,280 and 7.4% cheaper than the state average of
$1,010.
Can I afford Lubbock?
To live comfortably in Lubbock (zip 79407), Texas, a minimum annual income of
$39,960 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Lubbock?
The cost of living in 79407 Lubbock, TX is quite reasonable. The median home price is $161,000, with rent costing about $892 on average per month for a two-bedroom apartment. The overall cost of living index for the area is below the national average, making it an affordable place to live for many families and individuals alike. Additionally, the transportation costs are low when compared to other parts of the nation. Gas prices tend to be around 10-15% cheaper than the national average, while public transit fares remain much lower than in most cities across America. Overall, 79407 Lubbock provides a great quality of life at a fraction of what it would cost elsewhere.