Lowell, VT is a small town located in the scenic Green Mountain State. It is populated by friendly locals who enjoy the peaceful atmosphere of this rural area. Despite its small size, Lowell has a low cost of living compared to other parts of the United States. The average 2 bedroom rent in Lowell is $950, which is significantly lower than the US average price of $1,430. Similarly, the grocery cost index in Lowell is 105 as opposed to 100 throughout the rest of the U.S., making it a great option for those on a budget.
Local businesses in Lowell include Rollins Automotive Repair and Supply Inc., Maple Valley Building & Design Inc., and H&H Bowling Lanes & Deli. All three businesses have been around for decades and are staples in the local community. With their commitment to quality service and products, these companies help bring more business into Lowell all year long.
Lowell has an unemployment rate of 5.8%. The US average is 6.0%.
Lowell has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 27.0%, which is lower than the US average of 33.5%.
Tax Rates for Lowell
- The Sales Tax Rate for Lowell is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lowell is 6.8%. 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 $21,073 a year. The US average is $28,555 a year.
- The Median household income of a Lowell resident is $42,000 a year. The US average is $69,021 a year.