Lubbock, TX is a vibrant city with plenty of options for entertainment, education, culture and business. Located about 3 hours south of Amarillo, it offers an affordable cost of living with two bedroom rent at $910 per month. In comparison to the national average of $1,430 per month for two bedroom rentals, Lubbock is a great deal. Grocery cost index in Lubbock is 88 compared to 100 in the US. The city has some big companies like Bell Helicopter Textron Inc., Plains Cotton Cooperative Association and United Supermarkets LLC which provide employment opportunities for local residents. There are also many small businesses such as restaurants and retail stores as well as various organizations to get involved in. With its diverse culture and low cost of living, Lubbock is an ideal place to live.
Lubbock (zip 79403) has an unemployment rate of 5.9%. The US average is 6.0%.
Lubbock (zip 79403) has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 39.8%, which is higher than the US average of 33.5%.
Tax Rates for Lubbock (zip 79403)
- The Sales Tax Rate for Lubbock (zip 79403) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Lubbock (zip 79403) 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 (zip 79403)
- The average income of a Lubbock (zip 79403) resident is $21,835 a year. The US average is $37,638 a year.
- The Median household income of a Lubbock (zip 79403) resident is $39,333 a year. The US average is $69,021 a year.