Lubbock County · Texas · South · 265k residents
Lubbock, TX: economy, jobs & business costs
The site-selection read on Lubbock: labor costs, talent, corporate tax, energy, and business activity, with the Texas median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,088/wk. Texas's corporate income tax rate is 0%. Commercial electricity averages 8.6¢/kWh.
Compare Lubbock side by side
Avg. weekly wage
$1,088/wk
Corporate income tax
0%
Bachelor's degree or higher
35.1%
Commercial electricity
8.6¢/kWh
Economic momentum
How fast Lubbock's economy is moving, ranked against the US cities we track.
75/100
Heating
Ranks Lubbock's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $212,400 |
| Price per sq. ft. | $170 |
| Property tax rate | 1.68% |
| 1-bedroom rent | $973/mo |
| 2-bedroom rent | $1,136/mo |
| State & local income tax | 0% |
| Sales tax | 8.2% |
| Corporate income tax | 0% |
| Avg. weekly wage | $1,088/wk |
| Bachelor's degree or higher | 35.1% |
| Commercial electricity | 8.6¢/kWh |
| Businesses per 1k residents | 25.2/1k |
| Wage: Software developer | $115,190 |
| Wage: Registered nurse | $81,480 |
| Wage: General manager | $80,870 |
| Wage: Customer service | $35,940 |
| Wage: Warehouse worker | $35,620 |
| Wage: Heavy truck driver | $49,080 |
| Wage: Electrician | $47,000 |
| Wage: Retail salesperson | $28,480 |
| Cost of living index | 85 |
| Groceries index | 96 |
| Utilities | $185/mo |
| Transit pass | $96/mo |
| Gas price | $2.90/gal |
| Healthcare index | 96 |
| Childcare (per child) | $1,000/mo |
| Median household income | $60,895 |
| Unemployment rate | 4% |
| Population | 265k |
| Crime index | 50/100 |
| School rating | 5.5/10 |
| Walkability | 42/100 |
| Disaster risk | 96/100 |
| Avg. commute | 27 min |
| Sunny days / year | 230 days |
| July high | 93°F |
| January low | 30°F |
| Annual snowfall | — |
| Home price YoY | +1.4% |
| Home price MoM | +0.1% |
| Rent YoY | +2.0% |
| Rent MoM | +0.2% |
| Employment (jobs) YoY | +1.1% |
| Building permits YoY | +28.6% |
| Ocean coast | 464 mi |
| Big lake | 200 mi |
| Mountains | 210 mi |
| Major airport | 6 mi |
| Ski resort | 227 mi |
Popular comparisons
Nearby
- Plainview, TX · 20k
- Big Spring, TX · 24k
- Amarillo, TX · 202k
- Midland, TX · 137k
- Odessa, TX · 115k
Similar size
- Laredo, TX · 258k
- Irving, TX · 256k
- Garland, TX · 247k
- Plano, TX · 291k
- Frisco, TX · 219k
Real listings in Lubbock
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Lubbock a good place to run a business?
- Texas's corporate income tax rate is 0%; average weekly wages in the surrounding labor market run $1,088/wk; commercial electricity averages 8.6¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Lubbock, TX?
- Lubbock indexes at 85 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,136/mo and a acs median home value of $212,400.
- How much does a house cost in Lubbock?
- The acs median home value in Lubbock is $212,400 (Census ACS estimate; individual listings vary).
- How much is rent in Lubbock?
- A two-bedroom in Lubbock rents for about $1,136/mo.