Cost of Living
AFFORDABLE LIVING IN LUBBOCK, TEXAS
Living in the Capital of West Texas means living with more. More time spent with your family and friends instead of in traffic, more room to spread out and enjoy the fresh air and more money in your pocket to build the life you’ve worked hard to achieve.
According to the Council for Community and Economic Research (2022 Annual Report), Lubbock’s overall cost of living index is 81 percent. Lubbock ranked 81st 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. Therefore, no matter if you are a young professional who rents, a family who owns their home or an employer, you will benefits from a higher standard of living at a lower cost than almost anywhere else in the nation.
LUBBOCK RANKED THE TOP CITY
FOR COLLEGE GRADUATES TO LIVE
As a result of this low cost of living, new graduates benefit from a higher standard of life at a lower cost than almost anywhere else in the nation, allowing their dollars to be stretched further here.
With a dynamic art scene, an abundance of jobs and hundreds of restaurants and bars, Lubbock offers recent graduates a balanced and fulfilled lifestyle.
Cost of Living Index
| MSA | Cost of Living National Rank | Cost of Housing National Rank | Cost of Transportation National Rank | Median Home Price | Commute Time in Minutes |
|---|---|---|---|---|---|
| Lubbock TX | 81 | 126 | 22 | $178,350 | 18 |
| Austin TX | 188 | 214 | 61 | $502,809 | 27 |
| Dallas TX | 193 | 171 | 16 | $306,281 | 30 |
| Houston TX | 104 | 113 | 98 | $253,277 | 31 |
| Los Angeles-Long Beach CA | 259 | 259 | 258 | $908,898 | 36 |
| New York (Manhattan) NY | 265 | 265 | 239 | $855,551 | 46 |
| Phoenix AZ | 200 | 222 | 199 | $368,480 | 29 |
| San Antonio TX | 105 | 101 | 117 | $203,423 | 27 |
| San Francisco CA | 263 | 263 | 264 | $1,845,484 | 37 |
| Washington DC | 261 | 260 | 209 | $796,518 | 35 |
| C2ER COLI 2022 Annual – National Rank out of 266 total MSAs, Environics Analytics, 2.28.23 – Median Home Price and Commute Time |
Median Household Income by Location
| Lubbock, TX (city) | Lubbock County, TX | Lubbock, TX Metro | Texas | USA | |
|---|---|---|---|---|---|
| 2023 Est. Median Household Income | 57,552 | 59,520 | 59,230 | 70,946 | 73,336 |
| Environics Analytics, 2.28.23 | Benchmark: USA |
LUBBOCK LOCALS
Don’t believe us? Hear it from a few of our locals!
I returned to Lubbock from Dallas & traded by $4,500 apartment rental I split with two roommates for a home with a backyard that only costs me & my roommate $2,000 per month!
Ryan Lewis
Young Professional
