Housing costs in Lowell?
A typical home costs
$279,500, which is 17.3% less expensive than the national average of
$338,100 and 26.1% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Lowell costs
$1,210 per month, which is 15.4% cheaper than the national average of
$1,430 and 19.0% more than the state average of
$980.
Can I afford Lowell?
To live comfortably in Lowell (zip 46356), Indiana, a minimum annual income of
$53,640 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about Lowell?
The cost of living in 46356 Lowell, IN is quite affordable. The overall cost of living index score in the area is 87.2, which is 13.8% lower than the US average. The median household income in 46356 Lowell, IN is approximately $56,365, and the median home value is estimated to be around $146,831. The area also offers low property taxes and a high rate of homeownership at 77%. All of these factors combined make living in 46356 Lowell an attractive option for many families looking for affordable housing options in Indiana.