Lubbock, Texas is a thriving city in the South Plains region located in the northern part of the state. It is the 11th largest city in Texas and home to Texas Tech University. The cost of living in Lubbock is 15 percent lower than the national average, making it an attractive place to live for families and professionals alike. Housing costs are especially competitive with an average two bedroom rent of $1,000 compared to $1,430 across the country. Residents can expect to save even more on their grocery bills as well since the grocery cost index in Lubbock is 91 versus 100 nationally.
This booming city has plenty to offer its residents in terms of entertainment and culture. Popular local companies include United Supermarkets, which operates stores throughout Lubbock and West Texas, and Farm N’ Home Supply Corporation which provides supplies for construction projects, machinery repair and more. For those looking for fun times there are several annual events such as Fourth on Broadway that celebrates American independence every July 4th with live music performances and a spectacular fireworks show at Mackenzie Park or try out one of many other unique festivals like National Cowboy Symposium & Celebration or Prairie Dog Chili Cook-Off & Music Festivals held every year in September. With so much going on all year long there’s always something new to experience in Lubbock!
Lubbock (zip 79414) has an unemployment rate of 5.9%. The US average is 6.0%.
Lubbock (zip 79414) 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 79414)
- The Sales Tax Rate for Lubbock (zip 79414) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Lubbock (zip 79414) 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 79414)
- The average income of a Lubbock (zip 79414) resident is $25,214 a year. The US average is $37,638 a year.
- The Median household income of a Lubbock (zip 79414) resident is $43,279 a year. The US average is $69,021 a year.