Lubbock appears moderately affordable relative to its citywide income and housing benchmarks. With a median household income of $60,895 annually ($5,075 monthly), the median gross rent of $1,182 represents about 23% of gross monthly income, which falls within the commonly referenced 30% affordability threshold for rent. However, the uniform non-housing calculator baseline of $1,250 per month — a model assumption not derived from local data — suggests that total essential costs (excluding housing) may exceed income when combined with rent, indicating potential affordability strain for some households. Actual affordability varies by income level and housing type, and these citywide figures do not reflect neighborhood-specific conditions.
Lubbock at a glance
What the default budget models
A one-person renting household begins with a modeled annual core-cost baseline of $29,184. It combines the ACS median gross-rent estimate with a uniform $1,250 monthly non-housing baseline. State income tax is excluded until a current official reference is approved; the calculator labels that limitation instead of guessing.
| 2024 ACS population estimate | 264,814 |
| 2024 ACS median household income | $60,895 |
| 2024 ACS median gross rent | $1,182 |
| 2024 ACS median owner-occupied home value | $212,400 |
| Derived one-way commute estimate | 18 minutes |
| State-tax treatment | Excluded — official reference pending |
| Rent-to-income reference | 23% |
The trade-off
Relative strength: Median rent consumes 23% of median income, below the 30% affordability benchmark.. Watch closely: low rent-to-income ratio may be offset by high non-housing costs per model assumptions..
Compare Lubbock
Frequently asked questions
Is Lubbock affordable for renters based on median income and rent?
Yes, based on citywide medians, Lubbock’s median gross rent of $1,182 per month is about 23% of the median household income of $60,895 annually ($5,075 monthly), which is below the 30% threshold often used to gauge rental affordability. However, this does not account for variation across income levels or neighborhood differences.
How does Lubbock’s median home value compare to its income?
The median owner-occupied home value in Lubbock is $212,400, which is approximately 3.5 times the median household income of $60,895. This price-to-income ratio suggests moderate housing affordability for buyers, though actual affordability depends on down payment, interest rates, and individual financial circumstances, which are not captured in these citywide aggregates.
Source ledger
Every production input below is retained with its publisher and dataset. The ACS figures are five-year estimates, not live listings or guarantees.
- PopulationU.S. Census Bureau · 2024 ACS 5-Year B01003
- Median household incomeU.S. Census Bureau · 2024 ACS 5-Year B19013
- Median gross rentU.S. Census Bureau · 2024 ACS 5-Year B25064
- Median owner-occupied home valueU.S. Census Bureau · 2024 ACS 5-Year B25077
- Commute-time distributionU.S. Census Bureau · 2024 ACS 5-Year B08303
Interpretation: The ACS 2024 five-year estimates generally summarize observations across 2020–2024. The commute number is a weighted midpoint estimate from table B08303. State income tax is not included in the modeled take-home result. Verify a current address, quote, commute, and tax situation before making a decision.