Lubbock, Texas (79412) is a great place to live for those looking for an affordable cost of living. The average 2 bedroom rent in the area is $910, compared to the national average of $1,430. This offers a significant savings for individuals and families looking to save money on housing costs. Additionally, the grocery cost index in Lubbock is 89 versus 100 in the US making it an even more economical choice for people shopping for groceries.
Lubbock has many local companies such as United Supermarkets, Texas Tech University Health Sciences Center, Covenant Health System, PlainsCapital Corporation and Macaroni Kid Lubbock. These diverse local companies offer job opportunities and economic stability to the citizens of Lubbock.
Lubbock (zip 79412) has an unemployment rate of 5.9%. The US average is 6.0%.
Lubbock (zip 79412) 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 79412)
- The Sales Tax Rate for Lubbock (zip 79412) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Lubbock (zip 79412) 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 79412)
- The average income of a Lubbock (zip 79412) resident is $19,328 a year. The US average is $37,638 a year.
- The Median household income of a Lubbock (zip 79412) resident is $36,722 a year. The US average is $69,021 a year.