Cost of Living in Lubbock, TX
Population: 261,078 • 2026 Data
$60,487
Median Household Income
-22% vs national
$1,137
Median Monthly Rent
-16% vs national
$197,900
Median Home Value
-42% vs national
4.8%
Unemployment Rate
Housing in Lubbock
The median home value in Lubbock, TX is $197,900. Monthly rent for a typical unit averages $1,137, while total monthly housing costs (including utilities and insurance) average $1,179.
Rent-to-income ratio: 22.6%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Lubbock, TX is $60,487. The unemployment rate stands at 4.8%, with a labor force of 137,299 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.