Income

Household Income (HHI)

Median HHI - $64,874

With a Median Household Income of $64,874 the Lubbock, TX Market ranks 118th across STI Markets.

Average HHI - $86,902

The Average Household Income is $86,902 for which this market ranks 121st.

Income Distribution

Figure 37: Income Distribution

Income Distribtuion Line

Below the multi-colored line represents the same data for household income in the Lubbock, TX market, but more equally lays out the distribution of population versus the income level, correcting for differences in size of income ranges. You will also notice that after 200k the income ranges are scaled down so the focus is more centered on the more numerous Households making under 200k. The black line represents the National Income Distribution for comparison.

Figure 38: Income Distribution Line

Income Inequality - High

The distribution of Household Income in the Lubbock, TX market can be considered High with a Gini coefficient of 0.455. This market ranks 30th in Household Income Inequality across all STI Markets.

Average Household Income by Census Tract

The interquartile range of Average Household Income across the market’s Census Tracts, that is its 25th percentile and 75th percentile values, are $65,649 and $95,792, respectively.

Figure 39: Household Income Thematic

HH Income by Age of Head of Householder

Distribtion Comaprison

Figure 40: Income Distribution Line

HHI Age under 25 - $46,916

With an Average Household Income for those head of householders aged under 25 of $46,916 the Lubbock, TX market ranks 147th across STI Markets.

Figure 41: HHI 00to25 Thematic

HHI Age 25 to 45 - $93,530

With an Average Household Income for those head of householders aged 25 to 45 of $93,530 the Lubbock, TX market ranks 105th across STI Markets.

Figure 42: HHI 25to45 Thematic

HHI Age 45 to 65 - $100,865

With an Average Household Income for those head of householders aged 45 to 65 of $100,865 the Lubbock, TX market ranks 108th across STI Markets.

Figure 43: HHI 45to65 Thematic

HHI Age 65 plus - $71,979

With an Average Household Income for those head of householders aged 65 and over of $71,979 the Lubbock, TX market ranks 113th across STI Markets.

Figure 44: HHI 65over Thematic

HH Income by Age of Head of Householder

Distribtion Comaprison

Figure 45: Income Distribution Line

HHI White - $97,604

With an Average Household Income for those head of householders Non-Hispanic White of $97,604 the Lubbock, TX market ranks 88th across STI Markets.

Figure 46: HHI white Thematic

HHI Black - $63,451

With an Average Household Income for those head of householders identifying as Non-Hispanic Black of $63,451 the Lubbock, TX market ranks 118th across STI Markets.

Figure 47: HHI black Thematic

HHI Asian - $110,702

With an Average Household Income for those head of householders identifying as Non-Hispanic Asian of $110,702 the Lubbock, TX market ranks 75th across STI Markets.

Figure 48: HHI asian Thematic

HHI Other - $83,896

With an Average Household Income for those head of householders identifying as Non-Hispanic Other of $83,896 the Lubbock, TX market ranks 90th across STI Markets.

Figure 49: HHI other Thematic

HHI Hispanic - $76,669

With an Average Household Income for those head of householders identifying as Hispanic of $76,669 the Lubbock, TX market ranks 129th across STI Markets.

Figure 50: HHI hispanic Thematic

Disposible Income - $70,728

Disposable income is defined here as Household Income after accounting for Federal, State, and Local taxes. The Average Household Disposable Income is $70,728 which ranks 112th across STI Markets.

This is a drop of $16,174, or 18.61%, overall this percentage drop ranks 143rd across STI Markets.

Figure 51: Disposible Income VS HH Income

Purple = 15% decrease, Blue = 25% decrease, Green = 35% decrease, Orange = 45% decrease, Red = 55% decrease

Discretionary Income - $50,621

Discretionary income goes a step further. It takes Disposable Income, which already accounts for taxes, and accounts for the typical cost of Food, Housing, and Clothing. The Average Household Discretionary Income is $50,621 which ranks 118th across STI Markets.

This is a drop of $36,281, or 41.75%, overall this percentage drop ranks 124th across STI Markets.

Figure 52: Discretionary Income VS HH Income

Purple = 15% decrease, Blue = 25% decrease, Green = 35% decrease, Orange = 45% decrease, Red = 55% decrease

Labor

Housing