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This question is about Lubbock, TX.
What is a good salary in Lubbock, TX?
A good salary in Lubbock, TX is anything over $45,000. That's because the median income in Lubbock is $45,000, which means if you earn more than that you're earning more than 50% of the people living in Lubbock. The average salary in Lubbock is $53,190.
A good hourly wage in Lubbock is $21.63 per hour. That works out to a good weekly wage of $865 per week and a good monthly wage of $3,750 per month. However, using the median income is only one way to calculate a good salary in Lubbock.
Another way to calculate a good salary in Lubbock is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $140,800, a good salary in Lubbock would be $28,160.
Lastly, we can determine a good salary in Lubbock by looking at the cost of living and comparing it to the US average salary. The cost of living in Lubbock is 13% lower than than the national average. The national average salary is $56,310, so a good salary in Lubbock is anything over $48,989 by this measure.
Average Annual Salary in Lubbock, TX
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $21,000 | $1,750 | $403 | $10.1 |
| 25th | $30,000 | $2,500 | $576 | $14.42 |
| Median | $45,000 | $3,750 | $865 | $21.63 |
| 75th | $66,000 | $5,500 | $1,269 | $31.73 |
| 90th | $93,000 | $7,750 | $1,788 | $44.71 |
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