Salary Needed to Live in Lubbock as a Family

A family of four (2 adults, 2 children) needs approximately $47,480/year to live comfortably in Lubbock, TX — including 15% savings.

Comfortable Salary
$47,480
with 15% savings
Bare Minimum
$37,984
no savings buffer
Monthly Expenses
$2,374
19% below national avg

Detailed Monthly Budget for a Family in Lubbock

ExpenseLubbockNat'l AvgDiff
🏠 3BR Apartment/House Rent$150$209-28%
🛒 Groceries$38$44-14%
⚡ Utilities$26$28-7%
🚗 Transportation$28$44-36%
🛡️ Car Insurance$127$223-43%
🏥 Health Insurance$48$56-14%
Childcare/After-school$1,008$1,200-16%
Internet + Phones$151$180-16%
Children Activities$210$250-16%
Dining Out$294$350-16%
School Supplies & Clothing$168$200-16%
Healthcare Co-pays$126$150-16%
Total Monthly$2,374$2,934-19%

How We Calculated the Salary

Monthly expenses:$2,374
Target savings (15%):$524/mo
Monthly after-tax needed:$2,898
Effective tax rate:25%

Gross annual salary needed:$47,480

Other Household Types in Lubbock

Single Person
$15,563/yr
$843/mo expenses
Couple (No Kids)
$21,829/yr
$1,146/mo expenses
Retiree
$16,234/yr
$947/mo expenses

Related Pages

Living Alone in LubbockCity OverviewAfford on $75K?Afford on $100K?Cost of Living

FAQ

What salary does a family with kids need in Lubbock?
A family with kids needs approximately $47,480/year ($3,957/month gross) to live comfortably in Lubbock with a 15% savings rate.
How much is rent for a family with kids in Lubbock?
A 3br apartment/house in Lubbock costs approximately $150/month, which is the largest single expense at 6% of the total budget.
Is Lubbock affordable for a family with kids?
Yes, Lubbock is 19% more affordable than the national average for a family with kids.
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