Retirement Savings Calculator for Lubbock, TX
Updated 2026 · Local data pre-filled
The median household income in Lubbock is $52,400. With a cost of living index of 87, your retirement needs will be lower than average. Planners generally recommend saving 10–15% of income; at Lubbock's median income that's $6,288–$7,860 per year.
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How Lubbock Compares to the National Average
Understanding how Lubbock stacks up helps you calibrate your financial planning.
| Metric | Lubbock, TX | US Average | Difference |
|---|---|---|---|
| Median Home Price | $195,000 | $420,800 | -53.7% |
| Median Monthly Rent | $875 | $1,713 | -48.9% |
| Median Household Income | $52,400 | $74,580 | -29.7% |
| Property Tax Rate | 1.80% | 1.10% | +63.6% |
| Cost of Living Index | 87 | 100 | -13.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Lubbock Financial Snapshot
- Population (Metro)
- 340,000
- Unemployment
- 3.9%
- Avg Commute
- 20 min
- Median Age
- 29.6
- Price-to-Rent Ratio
- 18.6x
- Annual Property Tax
- $3,510
Retirement Savings Calculator in Other Texas Cities
Frequently Asked Questions — Lubbock
What is the median home price in Lubbock, TX?
The median home price in Lubbock is $195,000 as of 2025–2026. This is below the national median of $420,800.
What is the average rent in Lubbock?
Median monthly rent in Lubbock is $875. That works out to $10,500/year, or 20% of the median household income — within the commonly recommended 30% of income guideline.
Is Lubbock affordable?
Lubbock's cost of living index is 87 vs. the national average of 100. With a median household income of $52,400/year and a median home price of $195,000, the price-to-income ratio is 3.7x. Lubbock remains relatively affordable compared to many US metros.
What is the property tax rate in Lubbock?
The effective property tax rate in Lubbock is 1.80% of assessed value. On the median home of $195,000, that's roughly $3,510/year ($292/month).