Lowell, Minnesota 

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Economy in Lowell, Minnesota

Lowell has an unemployment rate of 3.7%. The US average is 3.9%.

Lowell has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.

Tax Rates for Lowell
- The Sales Tax Rate for Lowell is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Lowell is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Lowell
- The average income of a Lowell resident is $37,089 a year. The US average is $28,555 a year.
- The Median household income of a Lowell resident is $102,500 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYLowell, MinnesotaUnited States
  4.6%3.7%
  0.6%1.6%
  24.2%33.5%
  7.1%6.2%
  7.1%4.6%
  $34,588$31,177
Household Income 57652
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