Housing costs in Lubbock?
A typical home costs
$192,300, which is 43.1% less expensive than the national average of
$338,100 and 35.4% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Lubbock costs
$1,160 per month, which is 9.4% cheaper than the national average of
$1,280 and 12.9% more than the state average of
$1,010.
Can I afford Lubbock?
To live comfortably in Lubbock (zip 79416), Texas, a minimum annual income of
$36,720 for a family, and
$38,000 for a single person is recommended.
What does A.I. say about Lubbock?
The cost of living in 79416 Lubbock, TX is relatively low compared to the rest of the country. It also has a lower median home value than many other cities. The overall cost of essentials such as food, housing, and utilities are below average when compared to the national index. Groceries are particularly affordable due to some great local markets and low taxes. Housing prices are reasonable with both rental and buying prices remaining below average for the state. Additionally, transportation costs are generally lower than other Texas cities due to cheaper public transport options and an abundance of free parking around town. Overall, 79416 Lubbock, TX is an affordable place to live where you can get more bang for your buck!