Lowville, MN is a small rural town located in the heartland of America. It is home to local businesses such as H&H Pharmacy, Lowville Gas & Grocery, and Lowville Lumber & Supply. The cost of living in Lowville is relatively low compared to other cities around the country. The average two bedroom rent for example is just $820 per month compared to $1,430 nationwide. This cost savings can also be seen in the grocery cost index which is 95 versus 100 nationally. In general, Lowville provides its residents with a laid-back atmosphere and plenty of affordable housing options which make it an attractive choice for families looking for a more quiet lifestyle away from city life.
Lowville has an unemployment rate of 6.4%. The US average is 6.0%.
Lowville has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.
Tax Rates for Lowville
- The Sales Tax Rate for Lowville is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Lowville 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 Lowville
- The average income of a Lowville resident is $37,918 a year. The US average is $37,638 a year.
- The Median household income of a Lowville resident is $89,306 a year. The US average is $69,021 a year.