Lubbock, TX is a great place to live due to its affordable living costs. The two bedroom rent in Lubbock is $1,040 which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index (GCI) in Lubbock is 96 versus 100 in the US so residents can expect to pay slightly less for food. Companies such as Sally Beauty Supply, United Supermarkets and Wal-Mart are headquartered in Lubbock and offer local job opportunities. All this makes 79424 an attractive place for those looking for an affordable location with many employment options.
Lubbock (zip 79424) has an unemployment rate of 5.9%. The US average is 6.0%.
Lubbock (zip 79424) 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 79424)
- The Sales Tax Rate for Lubbock (zip 79424) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Lubbock (zip 79424) 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 79424)
- The average income of a Lubbock (zip 79424) resident is $40,474 a year. The US average is $28,555 a year.
- The Median household income of a Lubbock (zip 79424) resident is $87,476 a year. The US average is $69,021 a year.