Lowell charter township, MI is a great spot to reside in with its various housing options. The cost of a two-bedroom rent in Lowell charter township is $1,230 which is much lower than the US average of $1,430. Furthermore, the grocery cost index in Lowell charter township is 98 versus 100 in the US. Besides affordable living costs, Lowell charter township is home to several prominent companies such as Consumers Energy and Bissell Homecare. This makes it an ideal place for residents looking to settle down and save money at the same time.
Lowell charter has an unemployment rate of 4.8%. The US average is 6.0%.
Lowell charter has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 37.7%, which is higher than the US average of 33.5%.
Tax Rates for Lowell charter
- The Sales Tax Rate for Lowell charter is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lowell charter is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lowell charter
- The average income of a Lowell charter resident is $25,510 a year. The US average is $28,555 a year.
- The Median household income of a Lowell charter resident is $92,617 a year. The US average is $69,021 a year.