Income & Economy in Lubbock city, TX (79416)
Median Income
$65,200
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,720
Wealth inflow
Population
36,461
Unemployment
5.3%
1.6pp above US avg
IRS migration statistics show a net inflow of about 1,720 for ZIP 79416 (Lubbock city, TX) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 79416 (2020–Present)
Since 2020, population grew 5.3%, median income fell 5.7% (inflation-adjusted), home values increased 11.6%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $65,200 |
| Unemployment | 5.3% |
| Establishments | 459 |
| Employees | 6,897 |