Housing costs in Lowell?
A typical home costs
$245,800, which is 27.3% less expensive than the national average of
$338,100 and 15.0% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Lowell costs
$1,020 per month, which is 8.1% cheaper than the national average of
$1,110 and 22.5% cheaper than the state average of
$1,250.
Can I afford Lowell?
To live comfortably in Lowell (zip 28098), North Carolina, a minimum annual income of
$47,160 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Lowell?
Lowell, NC offers an affordable cost of living. According to Best Places, the overall cost of living index for Lowell is 86.0, which is 14% lower than the national average. This means that residents in Lowell spend 14% less on goods and services than the average American. Property taxes are also low in Lowell, averaging 0.73%. Housing costs are especially affordable compared to state averages, with a median home value of $90,959 and median rent of $720 per month. In addition, utilities such as electricity are approximately 8% lower than the national average.