Lubbock, Texas is an ideal city for renters who are looking to save on housing costs. The average 2-bedroom rent in Lubbock is $1,160 per month, which is significantly lower than the US average of $1,430. Additionally, grocery costs in Lubbock are even better – with a Grocery Cost Index of 92 compared to the US index of 100. These savings can add up quickly and make living in Lubbock an excellent choice for those on a budget.
The city of Lubbock has plenty to offer its residents. For shopping and dining options, there are local favorites like Alamo Drafthouse Cinema, The Garden Restaurant & Bar, and Ponchos Mexican Restaurant & Cantina. There is also plenty of outdoor recreation available at sites such as Buffalo Springs Lake and Mackenzie Park. With a range of activities and affordable living expenses, Lubbock offers something for everyone!
Lubbock (zip 79416) has an unemployment rate of 5.9%. The US average is 6.0%.
Lubbock (zip 79416) 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 79416)
- The Sales Tax Rate for Lubbock (zip 79416) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Lubbock (zip 79416) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing ºÚÁÏÉçÇø.
Income and Salaries for Lubbock (zip 79416)
- The average income of a Lubbock (zip 79416) resident is $32,791 a year. The US average is $37,638 a year.
- The Median household income of a Lubbock (zip 79416) resident is $61,627 a year. The US average is $69,021 a year.