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Cost of Living in Lubbock County

Is it better to rent or buy in Lubbock County? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$72,691
$1,225/mo

Median in area: $1,225

$218,008

Median in area: $218,008

$43,602

If you Rent

🔑
$1,417 /mo
Base Rent$1,225
Est. Utilities$192
% of Income23.4%
Pre-tax Residual$4,641

If you Buy

🏠
$1,855 /mo
P&I (7.136%)$1,176
Taxes & Ins$487
Est. Utilities$192
% of Income30.6%
Pre-tax Residual$4,202

Compare Nearby Areas

See how Lubbock County stacks up against neighboring areas.

countyFloyd County, TX
$615/mo
countyHockley County, TX
$830/mo
countyLynn County, TX
$738/mo
countyCrosby County, TX
$650/mo
countyHale County, TX
$847/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Lubbock County?›

Based on median housing data, renting is currently more affordable on a monthly basis in Lubbock County. The estimated all-in monthly cost for renting is $1,417, while owning a median-priced home with a 20% down payment is roughly $1,855 per month (a difference of $438).

How much do utilities cost in Lubbock County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Lubbock County is approximately $192. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Lubbock County?›

To comfortably afford the median rent and utilities in Lubbock County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $56,680 per year.