Income & Economy in Lubbock city, TX (79407)
Median Income
$64,778
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,060
Wealth inflow
Population
22,467
Unemployment
3.2%
0.5pp below US avg
IRS migration statistics show a net inflow of about 1,060 for ZIP 79407 (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 79407 (2020–Present)
Since 2020, population grew 1.4%, median income rose 10.6% (inflation-adjusted), home values increased 39.6%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $64,778 |
| Unemployment | 3.2% |
| Establishments | 551 |
| Employees | 12,326 |