Housing costs in Lowell?
A typical home costs
$193,100, which is 42.9% less expensive than the national average of
$338,100 and 15.3% less expensive than the average Nebraska home, at
$228,100. Renting a two-bedroom unit in Lowell costs
$880 per month, which is 38.5% more than the national average of
$1,430 and 10.2% cheaper than the state average of
$970.
Can I afford Lowell?
To live comfortably in Lowell, Nebraska, a minimum annual income of
$37,080 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Lowell?
The cost of living in Lowell, NE is quite affordable. According to the Council for Community and Economic Research, the overall cost of living index for Lowell is 8.3% lower than the U.S. average. The estimated median home price in Lowell is $100,400, which is directly correlated with the low unemployment rate in the area and provides an ample opportunity for potential homeowners. Food expenses are also surprisingly low compared to other places in America, with prices being 17.7% lower than the national average. Additionally, utilities are 8.8% lower than the rest of America, making it a great place to live with care-free costs when it comes to basic living expenses like housing and utilities.