Housing costs in Lowell?
A typical home costs
$311,400, which is 7.9% less expensive than the national average of
$338,100 and 42.4% more expensive than the average Michigan home, at
$218,700. 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 9.1% more than the state average of
$1,100.
Can I afford Lowell?
To live comfortably in Lowell (zip 49331), Michigan, a minimum annual income of
$59,760 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about Lowell?
The cost of living in Lowell, MI (49331) is generally considered to be quite affordable. According to BestPlaces's Cost of Living Index, living expenses in Lowell are around 7% lower than the US average. Housing costs are particularly low, with an average rent for a one-bedroom apartment estimated at just under $600 per month. Additionally, groceries and transportation costs are also quite reasonable. In general, Lowell offers great value for those looking to live in a small town with easy access to larger cities such as Grand Rapids and Kalamazoo.