You don't need a degree in economics to realize it costs more to live in some places than it does in others. Fill up your gas tank in West Texas. Then fill up your tank in Philadelphia. The difference will be apparent.
A lot of things besides gas prices go into the cost of living, and on some levels a degree in economics might help to understand them all. However, if you are considering a move to Lubbock from another area of the country, you might be satisfied with a bottom-line answer to one question.
"How much money do I have to make in Lubbock to enjoy the same standard of living I have now in San Francisco?" The short answer is "considerably less!" But to find out precisely, you can use Homefair's Salary Calculator. The answer to this specific question as of May 2006 is that if you make $100,000 a year in San Francisco, you would need to make $42,300 in Lubbock to enjoy the same standard of living.
"Money isn't everything," they say, and so you no doubt have other questions about relocating. You might want to know about schools, health care, the business climate, politics, recreational opportunities, entertainment and maybe even church climate.
Some of these questions are touched on in our general profile of Lubbock. You might find other helps by exploring the online sources listed for you in our "Lubbock Links" document. If you still have questions, please do contact us.