Cost of Living: Lubbock, TX vs Richardson, TX (2026)

Lubbock

Texas
75
VS

Richardson

Texas
128

Lubbock is 41% cheaper than Richardson.

$1,137/mo ↓ 38%
Median Rent
$1,825/mo ↑ 61%
$60,487/yr ↓ 37%
Median Income
$96,257/yr ↑ 59%
$197,900 ↓ 51%
Home Value
$405,600 ↑ 105%
$1,179/mo ↓ 34%
Owner Costs
$1,796/mo ↑ 52%
261,078
Population
118,269

Tax Comparison

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

Affordability

22.6%
rent-to-income
Affordability
22.8%
rent-to-income

Detailed Comparison

When comparing Lubbock, TX and Richardson, TX, the overall cost of living indices are 75 and 128 respectively (national median = 100). Rent is $688/month cheaper in Lubbock, saving renters about $8,256/year.

Median household income is $35,770/year higher in Richardson. Home values also differ significantly — the median in Lubbock is $197,900 compared to $405,600 in Richardson.

Both cities share the same state tax structure since they are in Texas.

Frequently Asked Questions

Lubbock vs Richardson — common questions

Is Lubbock or Richardson cheaper to live in?
Based on our cost index, Lubbock is cheaper to live in with an index of 75 compared to 128 (US average = 100).
What is the rent difference between Lubbock and Richardson?
Median rent in Lubbock is $1,137/month and in Richardson it's $1,825/month — a difference of $688/month.
Which city has higher income, Lubbock or Richardson?
Median household income is $60,487 in Lubbock and $96,257 in Richardson. Median household income is $35,770/year higher in Richardson.
How do taxes compare between Texas and Texas?
Both cities are in Texas and share the same state tax rates: 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Lubbock or Richardson?
It depends on your priorities. Lubbock has a cost index of 75 with median rent of $1,137/mo, while Richardson has a cost index of 128 with rent of $1,825/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Lubbock details → View Richardson details →

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