Best Jobs in Lubbock: 2022 Work Opportunities & Economic Guide

Lubbock Economy Guide

Lubbock is a thriving college town in West Texas. It was settled in 1890 and became an official Texas city in 1909. Often called the "Hub City" of West Texas, this North West Texas town sits at the crossroads of Interstate 27 and four major U.S. highways. Lubbock is equidistance to both coasts, making it a natural "hub" for distribution. This hub status is vital to the city's growth. The city diversified its traditional agricultural-industrial economy to ensure economic prosperity, while still maintaining an affordable cost of living. Thinking about moving to Texas and considering Lubbock? Continue reading to become an expert on the economy in Lubbock.

Lubbock Industries

Lubbock is home to several key industries. The two main sectors driving Lubbock's economy are education and healthcare.

Education in Lubbock

Texas Tech University (TTU) is the crown jewel of education in Lubbock and a key contributor to the city's economy. When TTU's campus combined with the Texas Tech University Health Science Center (TTUHSC), the student population increased to over 50,000 people. Lubbock Christian University and Franklin University are the area's two private universities.

Another part of the educational complex is the extensive primary and secondary education system. The Lubbock Independent School District serves an estimated 28,000 students and 1900 educators and administrators. Lubbock County has a total of 90 schools: 80 public and two private.

Healthcare in Lubbock

The healthcare sector in Lubbock continues to grow — now employing over 17,000 medical professionals and administrators.

Specialty services such as cancer treatment or cardiovascular research are crucial to Lubbock's success. The city is also home to the Timothy J. Harnar Burn Center, one of five in the state.

Healthcare partnerships anchor economic growth. The second-largest medical network, University Medical Center Health System (UMC), employs over 4,500 residents. As the teaching hospital for TTUHSC, UMC hospital trains 400 physicians and nurses each year. The UMC system also partners with TTUHSC to provide care throughout West Texas and Eastern New Mexico.

Telecommunications in Lubbock

Telecommunication in Lubbock remains strong. Support for telephone, cellular and large capacity call-centers provide entry-level and C-suite positions.

Lubbock's energy sector continues to evolve. While oil production remains a prominent component, interest in wind-based energy production is growing due to the city's North West Texas location.

Hospitality and professional services also support the economy. Management and professional occupations make up almost 30% of the available positions across all professions, while sales and office occupations comprise an estimated 27%.

Top Industries in Lubbock

  • Educational Services
  • Retail Trade
  • Healthcare & Social Assistance
  • Accommodation & Food Services
  • Construction
  • Professional, Scientific, & Technical Services
  • Manufacturing

Lubbock's Top Employers

Largest Employers in Lubbock, TX Large corporations fuel Lubbock's economy. The city's largest private employer is United Supermarkets, a North American supermarket chain. United Supermarkets is headquartered just outside of the city limits. This multi-brand grocery chain provides jobs at all levels, including management, food services, hourly and temporary positions.

AT&T Communications leads the telecommunications pack as a significant regional employer. Other employers in this sector include maintenance and installation companies — Excell Services and Sudden Link Communications. Convergys Corporation, the third-largest private employer, provides large-capacity call center services and business support.

Texas Tech University is Lubbock's most prominent public employer. The university has a significant impact on all aspects of the city's economy-food services, education, agriculture, healthcare, and research. Another TTU contribution to the area's economy is tourism. Lubbock is one of the few sports hubs in West Texas, meaning tourists often flock to the region to watch football and other college games.

The City of Lubbock is the second-largest public employer. It includes city administrative offices and protective services. It also consists of the Lubbock Independent School District and the Lubbock State School.

Collectively, medicine is one of the economic foundations of the Red Rider Nation. Opportunities exist in either private medical practice or multi-specialty healthcare systems and campuses — including Texas Tech University Health Science Center, the University Medical Center, or the Covenant Health System.

Covenant Health is the largest regional health care institution, employing more than 5,000 employees, including 600 physicians.

Supportive bioscience services populate the city, providing unique opportunities. These include rehabilitation, radiation, laboratory services, and home health providers.

Other significant employers include the United States Postal Service and area restaurants and food services, employing over 18,000 Lubbockites.

Lubbock's workforce is robust, and so is its overall economy.

Additional Large Companies in Lubbock

  • Minsa
  • Imperium Risk
  • Associated Supply Company
  • Lubbock County
  • South Plains Financial
  • ASCO Equipment

Information via Zippia.com

Lubbock Economy Facts and Figures

Lubbock is Texas' 11th largest city. The metroplex is approximately 135 square miles, with a county-wide population of 310,569.

While the area's economy grows at an estimated annual rate of 7 percent, it remains a strong community with a small-town feel. Lubbock consistently ranks for excellent Work-Life Balance.

Living in Lubbock offers residents a dense suburban feel. But in CityCenter and near TTU's campus, a slight hipster vibe prevails. Prospective residents will find many great options for neighborhoods to live in Lubbock.

However, depending on location, homes for sale in Lubbock can start at around $175,000 and span upwards of $3 million for a luxury estate.

On average, there are about 151,000 positions in both the private and public sectors. And the median salary is approximately $43,320.

Continuing area job growth places Lubbock above the national average, increasing at 2.4% year over year. With an unemployment average of 5.9 percent and a 10-year job growth projection surpassing 39 percent, Lubbock is on the move.

The cost of living in Lubbock in the city hovers around 92 percent, meaning it is slightly less expensive to live in Lubbock than in other parts of the country. When grocery shopping, a gallon of milk costs $3.15, and eggs cost $1.80, making the average cost of food lower than other Texas cities like Dallas and Houston.

The internet costs about $66 per month, and a one-bedroom apartment in the city's center costs $600 to $1300 per month. Not up for cooking? Dinner for two at one of Lubbock's best restaurants, such as the Funky Door Bistro and Wine Room, ranges between $35 and $100.

Lubbock: A Small Town With a Big-City Economy

Lubbock checks all the boxes when it comes to quality of life. Its manageable traffic and short driving commutes complement the comprehensive public transit system that provides residents easy access to the city.

While the city does offer ample educational opportunities and a wide variety of career positions, Lubbock is not all work; residents also enjoy a broad range of things to do for fun in Lubbock.

Hub City is vibrant with trendy restaurants, an intimate arts community, and numerous museums, including the Natural History Museum at Texas Tech University and the FiberMax Center for Discovery. People moving to Lubbock will be proud to call this city home.

If you're looking for a Lubbock home, contact The RealFX Group at (512) 956-7390 to get in touch with an experienced local real estate agent and discover your Lubbock dream home today.

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