Lowell, NC is a small town with plenty of amenities. Located in Burke County, the town of Lowell serves as an ideal place to live for those looking to save money. The average 2 bedroom rent in Lowell is $1,010 which is much lower than the US average of $1,430. Similarly, grocery costs in Lowell are 5% below the national average at 95 on the cost index.
The town offers a number of local companies such as LBK Properties & Management LLC which provides real estate services and Ruff Construction Inc., a construction firm providing remodeling services. Residents are also able to enjoy various attractions such as Drexel Park which offers outdoor activities such as soccer fields, basketball courts, playgrounds and pavilions and Lake Hickory Haunts, an award-winning haunted attraction. There are also several eateries located around town including local favorites The Chicken Shack and La Cabaña Mexican Restaurant as well as popular chains like Sonic Drive-In and McDonald’s. With its variety of businesses and attractions Lowell serves as an ideal place to call home for residents looking for a cozy small-town atmosphere and affordable living costs.
Lowell has an unemployment rate of 5.0%. The US average is 6.0%.
Lowell has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 44.7%, which is higher than the US average of 33.5%.
Tax Rates for Lowell
- The Sales Tax Rate for Lowell is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Lowell is 5.5%. 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 $23,212 a year. The US average is $28,555 a year.
- The Median household income of a Lowell resident is $44,375 a year. The US average is $69,021 a year.