Lubbock, TX is a charming city located in the 79401 zip code. It features an array of amenities that make it appealing to many people. The cost of living for two bedroom rents is $1,080, which is significantly lower than the average US price of $1,430. Grocery cost index in Lubbock is 89 compared to the US figure of 100. There are quite a few companies that are based in this area such as South Plains Food Bank, American State Bank, and CVS Pharmacy. The population of Lubbock currently stands at 257,556 people as recorded in the 2019 census data.
Lubbock (zip 79401) has an unemployment rate of 5.9%. The US average is 6.0%.
Lubbock (zip 79401) 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 39.8%, which is higher than the US average of 33.5%.
Tax Rates for Lubbock (zip 79401)
- The Sales Tax Rate for Lubbock (zip 79401) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Lubbock (zip 79401) 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 79401)
- The average income of a Lubbock (zip 79401) resident is $16,989 a year. The US average is $37,638 a year.
- The Median household income of a Lubbock (zip 79401) resident is $18,585 a year. The US average is $69,021 a year.