Best Places for Business and Careers 2019

Lubbock, TX

Lubbock, TX
the place image

Lubbock, TX

Lubbock, TX
gross metro product
$17.5B
population
319.1K
median household income
$48,342
median home price
$156,000
cost of living
5% below nat'l avg
college attainment
29.5%
net migration
190 (year: 2018)
unemployment
2.9%
major industries
Agribusiness, Education
job growth
0.6% (year: 2018)
As of October 2019
Lubbock's nickname is the Hub City, which derives from it being the economic, education, and health care hub of a multi-county region known historically as the Llano Estacado, or Staked Plains. It is the home of Texas Tech University and Lubbock Christian University. Points of interest within the city include West Texas Hall of Fame, the National Ranching Heritage Center, Silent Wings Museum and Mackenzie Park. The city hosts a number of festivals that are popular with visitor and residents alike, including the Lubbock
Music Festival, National Cowboy Symposium and Celebration and Independence Day Festival, which is considered to be the largest free festival in Texas.
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On forbes lists
#35
In Cost of Doing Business
#99
In Job Growth
#122
In Education
By The Numbers
EmploymentHousingEducationQuality of Life
Job Growth
0.6% (year: 2018)
Projected Annual Job Growth
1.3%
Unemployment
2.9%
Median Household Income
$48,342
Household Income Growth
1.5%
High-Tech Employment
1.2%
  • Data is for the metro area
  • Sources: Moody's Analytics; Sperling's BestPlaces; U.S. Census.
  • Numbers as of October 2019


  • a - Value of 100 means that a family with the median income has exactly enough income to qualify for a typical mortgage on a median-priced single-family home. An index above 100 signifies that the family has surplus income.
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