Lowry, MN is a small town located in the Midwest region of the United States. It is known for its friendly and welcoming atmosphere that makes it an ideal place to live. The cost of living in Lowry is quite low, making it attractive to those looking for an affordable option. The rental price of a two-bedroom apartment is $900 which is significantly lower than the US average at $1,430. Grocery costs are also lower than the index of 100 with Lowry's index being 97. The affordability paired with its rural charm make Lowry an attractive option for those looking for a peaceful lifestyle. There are several local businesses in Lowry that add to its charm such as T&S Truck Parts, Stone Logistics Group, and Schultz Electric Company. These businesses combine to offer an interesting array of opportunities in this relatively small town. With all this taken into consideration, Lowry certainly offers a unique experience especially when it comes to cost of living.
Lowry has an unemployment rate of 4.5%. The US average is 6.0%.
Lowry has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Lowry
- The Sales Tax Rate for Lowry is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Lowry 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 Lowry
- The average income of a Lowry resident is $26,247 a year. The US average is $28,555 a year.
- The Median household income of a Lowry resident is $66,719 a year. The US average is $69,021 a year.