Housing costs in Lubbock?
A typical home costs
$215,400, which is 36.3% less expensive than the national average of
$338,100 and 27.6% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Lubbock costs
$1,080 per month, which is 15.6% cheaper than the national average of
$1,280 and 6.5% more than the state average of
$1,010.
Can I afford Lubbock?
To live comfortably in Lubbock (zip 79423), Texas, a minimum annual income of
$41,400 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about Lubbock?
The cost of living in 79423 Lubbock, TX is generally quite affordable. According to BestPlaces's Cost of Living Index, the city has an overall index score of 71.9 out of 100, which is considered lower than the national average. Groceries are particularly inexpensive compared to other cities in the U.S., and the city’s housing market is also very reasonably priced. On average, one bedroom apartments in Lubbock can be rented for $669 a month, and a family looking to buy a home can expect to pay just under $150,000 on average. Overall, the cost of living in 79423 Lubbock, TX is quite reasonable and offers residents great value for their money.