Lubbock, Texas has an overall cost of living index of 91.2, which is 8.8 points below the US average of 100 — making it more affordable than most American cities. Renters pay a median of $1,137 per month, while the typical home is valued around $197,900. Households earn a median of $60,487 per year, leaving rent at a manageable share of income for many residents. Air quality is good, with an average AQI of 0. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$60,487
Annual · Census ACS
Median Gross Rent
$1,137
Per month · Census ACS
Median Home Value
$197,900
Census ACS
Cost of Living Index
91.2
BEA RPP · US avg = 100
Studio FMR
$818
HUD Fair Market Rent
1BR Fair Market Rent
$990
HUD FMR
2BR Fair Market Rent
$1,175
HUD FMR
3BR Fair Market Rent
$1,634
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
Each category is indexed to the US average of 100. Below 100 = cheaper than average.
Overall
91.2
Goods
93.7
Rents / Housing
72.5
Services
88.0
Source: BEA Regional Price Parities (metro-level)
State Income Tax
None
No state income tax on wages
State Sales Tax
6.25%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | $92,040 |
| 🏥Registered Nurse | $81,450 |
| 📚Elementary Teacher | $54,650 |
| ⚡Electrician | $47,630 |
| 📊Accountant | $77,800 |
Source: BLS OEWS 2023 (metro-level data)
Population
261,078
Latest estimate
Median Age
30.4 yrs
Census ACS
Average AQI
0.0
Source: EPA AirNow
What is the cost of living index for Lubbock?
Lubbock has a Regional Price Parity (RPP) index of 91.2. The US national average is 100, so Lubbock is 8.8 points below the national average.
What is the median rent in Lubbock?
The median gross rent in Lubbock is $1,137 per month according to US Census ACS data.
What is the median household income in Lubbock?
The median household income in Lubbock is $60,487 per year.
What is the median home value in Lubbock?
The median home value in Lubbock is $197,900 based on the latest Census ACS survey.
How is the air quality in Lubbock?
Lubbock has an average Air Quality Index (AQI) of 0.0, which is rated "Good" by the EPA. Lower AQI values indicate cleaner air.
What are the taxes like in Lubbock?
Texas has no state income tax on wages and a statewide sales tax of 6.25% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology