According to the Council for Community and Economic Research (2017 Annual Report), Lubbock’s overall cost of living index is 91.5 percent. Lubbock ranked 93rd out of 294 urban areas in the nation and 16th out of 32 urban areas in the state of Texas for lowest cost of living. As a result of this low cost of living, both employers and their employees benefit from a higher standard of living at a lower cost than almost anywhere else in the nation.

Cost of Living Index

MSACost of Living National RankCost of Housing National RankCost of Transportation National RankMedian Home PriceCommute Time in Minutes
Lubbock TX12017213$145,03918
Austin TX18220155$316,83430
Dallas TX216220122$244,50531
Houston TX147163105$213,70433
Los Angeles-Long Beach CA255257259$706,10734
New York (Manhattan) NY266266254$485,48640
Phoenix AZ179198205$284,31629
San Antonio TX6310942$186,32229
San Francisco CA265265266$965,89937
Washington DC262262223$465,68438
C2ER COLI 2019 Annual (published Janauary 2020) - National Rank out of 266 total MSAs, Environics Analytics, 5.27.20 - Median Home Price and Commute Time

Median Household Income by Location

 Lubbock, TX (city)Lubbock County, TXLubbock, TX MetroTexasUSA
2020 Est. Median Household Income48,215.3050,558.6250,310.2763,024.6865,228.10
Environics Analytics, 5.27.20 | Benchmark: USA

*2019 Q3 Rankings


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Economic Data & Indicators

LEDA continues to embark on a variety of new developments, which results in exponential job growth in Lubbock. With a world-class university system, a high-quality operating environment, competitive cost environment and an integrated approach to addressing economic development and workforce issues, Lubbock is the place to do business.

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Real Estate

LEDA prides itself in being your resource for success and looks forward to serving your business needs.