Housing costs in Lowell?
A typical home costs
$436,200, which is 29.0% more expensive than the national average of
$338,100 and 21.7% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Lowell costs
$1,860 per month, which is 13.1% cheaper than the national average of
$2,140 and 30.1% cheaper than the state average of
$2,420.
Can I afford Lowell?
To live comfortably in Lowell (zip 01851), Massachusetts, a minimum annual income of
$83,520 for a family, and
$61,200 for a single person is recommended.
What does A.I. say about Lowell?
Living in Lowell, MA (01851) is relatively affordable due to the city's low cost of living. The median home value in the city is around $204,500 making it more affordable than comparable cities in the region. Additionally, the median monthly rent for a one-bedroom apartment is approximately $1,100. Transportation within the city and to other parts of the state is also fairly inexpensive as public transportation options such as buses and trains are widely available. Groceries and general shopping items are fairly inexpensive while dining out can be slightly pricier depending on where you go. Overall, Lowell offers a high quality of life at an affordable price point.