Cost of Living: Lubbock, TX vs Palm Bay, FL (2026)

Lubbock

Texas
75
VS

Palm Bay

Florida
91

Lubbock is 18% cheaper than Palm Bay.

$1,137/mo ↓ 24%
Median Rent
$1,487/mo ↑ 31%
$60,487/yr ↓ 10%
Median Income
$67,521/yr ↑ 12%
$197,900 ↓ 20%
Home Value
$248,000 ↑ 25%
$1,179/mo ↓ 2%
Owner Costs
$1,203/mo ↑ 2%
261,078
Population
125,273

Tax Comparison

0%
Income Tax
0%
6.25%
State Sales Tax
6.0%
1.6%
Property Tax
0.86%

Affordability

22.6%
rent-to-income
Affordability
26.4%
rent-to-income

Detailed Comparison

When comparing Lubbock, TX and Palm Bay, FL, the overall cost of living indices are 75 and 91 respectively (national median = 100). Rent is $350/month cheaper in Lubbock, saving renters about $4,200/year.

Median household income is $7,034/year higher in Palm Bay. Home values also differ significantly — the median in Lubbock is $197,900 compared to $248,000 in Palm Bay.

Frequently Asked Questions

Lubbock vs Palm Bay — common questions

Is Lubbock or Palm Bay cheaper to live in?
Based on our cost index, Lubbock is cheaper to live in with an index of 75 compared to 91 (US average = 100).
What is the rent difference between Lubbock and Palm Bay?
Median rent in Lubbock is $1,137/month and in Palm Bay it's $1,487/month — a difference of $350/month.
Which city has higher income, Lubbock or Palm Bay?
Median household income is $60,487 in Lubbock and $67,521 in Palm Bay. Median household income is $7,034/year higher in Palm Bay.
How do taxes compare between Texas and Florida?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Lubbock or Palm Bay?
It depends on your priorities. Lubbock has a cost index of 75 with median rent of $1,137/mo, while Palm Bay has a cost index of 91 with rent of $1,487/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Lubbock details → View Palm Bay details →

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