Lubbock, TX County is a great place to live. The 2 bedroom rent is significantly lower than the US average with an average of $1,020 versus $1,430 nationwide. The Grocery Cost Index in Lubbock is 92 compared to 100 nationally. This makes Lubbock a very affordable place to live. There are many local companies in Lubbock such as South Plains Mall, United Supermarkets, and Texas Tech University Medical Center. These businesses provide employment opportunities for locals and contribute to the thriving economy of the area.
Lubbock County has an unemployment rate of 5.8%. The US average is 6.0%.
Lubbock County has seen the job market decrease by -3.9% over the last year. Future job growth over the next ten years is predicted to be 39.3%, which is higher than the US average of 33.5%.
Tax Rates for Lubbock County
- The Sales Tax Rate for Lubbock County is 8.2%. The US average is 7.3%.
- The Income Tax Rate for Lubbock County is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lubbock County
- The average income of a Lubbock County resident is $30,876 a year. The US average is $37,638 a year.
- The Median household income of a Lubbock County resident is $56,529 a year. The US average is $69,021 a year.