Housing costs in Lowell?
A typical home costs
$367,500, which is 8.7% more expensive than the national average of
$338,100 and 34.1% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Lowell costs
$1,700 per month, which is 20.6% cheaper than the national average of
$2,140 and 42.4% cheaper than the state average of
$2,420.
Can I afford Lowell?
To live comfortably in Lowell (zip 01850), Massachusetts, a minimum annual income of
$70,560 for a family, and
$56,000 for a single person is recommended.
What does A.I. say about Lowell?
The cost of living in 01850 Lowell, MA is considerably lower than other parts of the state. The median home value in this area is around $300,000, which is much lower than other areas in Massachusetts. This makes 01850 an attractive place to live for those looking to save money on housing costs while still having access to the amenities and job opportunities available in a larger city. Additionally, the average cost of goods and services in 01850 is slightly below the national average, making it easier for residents to stretch their dollar further while shopping.