Housing costs in Lowell?
A typical home costs
$405,500, which is 19.9% more expensive than the national average of
$338,100 and 27.2% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Lowell costs
$1,840 per month, which is 28.7% more than the national average of
$1,430 and 16.3% cheaper than the state average of
$2,140.
Can I afford Lowell?
To live comfortably in Lowell, Massachusetts, a minimum annual income of
$77,760 for a family, and
$60,400 for a single person is recommended.
What does A.I. say about Lowell?
Lowell is a relatively affordable option for those seeking to live within the North Eastern United States with median house values just below $200K and rental prices usually ranging between $1,000 - 1,200 per month depending on desired amenities. Grocery stores also come in slightly below US averages due largely to local taxes & regulations while sales tax remains constant at 6%. Utility bills tend to be lower than other nearby cities thanks largely to its location near various rivers and mountain ridges.