Lubbock, Texas Income Statistics
Lubbock Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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D
Lubbock Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Lubbock | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $60,830 | $78,939 | $80,455 |
| Median Personal Income | $49,293 | $56,913 | $60,758 |
| Average Yearly Income Growth | 3.9% | 4.6% | 4.8% |
| Six-Figure Earners | 9.3% | 13.0% | 13.9% |
| $200k+ Households | 7.7% | 12.5% | 13.2% |
The median household income in Lubbock is about 23% lower than in Texas. Income has been growing slower in Lubbock (3.9%/yr) than in Texas (4.6%/yr).
About 9% of adults in Lubbock earn six figures ($100,000 or more) a year, lower than the Texas average of 13%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Lubbock, Texas grew by 58.7% from 2009 to 2024, reaching $60,830 in 2024. That's an average of about 3.9% per year.
Income Inequality and the Gender Pay Gap in Lubbock
| Metric | Lubbock | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.570 | 0.570 | 0.552 |
| Male Median Income | $56,418 | $66,147 | $69,667 |
| Female Median Income | $44,750 | $53,058 | $56,850 |
| Gender Pay Gap | 20.7% | 19.8% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Lubbock, it is 0.570, about the same as Texas's 0.570, so income here is about as evenly distributed as there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 26% more than women's income in Lubbock, Texas. Over a 35-year career, a 26% wage gap accumulates to roughly $408,380 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Lubbock, Texas has stayed about the same since 2009, at around 21%. Over that period the gap was widest at 26% in 2021, and was narrowest at 19% in 2012. In dollar terms, the gap has widened by $3,666 since 2009.
Employment
| Metric | Lubbock | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 5.2% | 5.2% |
| Working from Home | 7.2% | 14.4% | 15.0% |
| Commute time (minutes) | 13 | 22 | 22 |
Approximately 7,099 people are unemployed in Lubbock, Texas.
The average commute time in Lubbock is 13 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lubbock, Texas has fallen from 6.3% to 5.1% in 2024. Over that period the rate peaked at 7.2% in 2013 and fell as low as 3.8% in 2019.
Conclusion
Considering all these factors, Lubbock, Texas has an overall wealth index grade of D, making it about on par with Texas, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Lubbock, Texas.
How Rich Is Lubbock, Texas?
Lubbock has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $60,830, about 23% lower than the Texas average of $78,939.
How fast is household income rising in Lubbock, Texas?
Between 2009 and 2024, the median household income in Lubbock, Texas rose 59%, from $38,337 to $60,830. Over the same years, income here lagged behind Texas as a whole: +59% against +64%.
What was the median household income in Lubbock in 2023?
In 2023, the median household income in Lubbock, Texas was $60,535, up 3% from $58,729 in 2022. The Texas median that year was $76,528.
What was the median household income in Lubbock in 2020?
In 2020, the median household income in Lubbock, Texas was $52,156. By 2024 it had risen 17% to $60,830.
What is the Gini coefficient in Lubbock, Texas?
The Gini coefficient in Lubbock is 0.570. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Lubbock, Texas?
The income gap between men and women in Lubbock, Texas has stayed about the same since 2009, at around 21%. Over that period the gap was widest at 26% in 2021, and was narrowest at 19% in 2012. In dollar terms, the gap has widened by $3,666 since 2009.
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