Lowell, Indiana is a small town in Lake County with a population of approximately 46356. It is located just an hour away from both Chicago and South Bend. The cost of living in Lowell is quite affordable with a 2 bedroom rent averaging $1,210 compared to the national average of $1,430. Moreover, grocery costs are slightly lower than the national average index of 100 at 97. These lower prices make it easier for locals to afford everyday items.
Residents of Lowell have access to several local businesses including Isom Manufacturing Corp., Godfroy Tool & Die, Trinity Steel Services and Edward's Funeral Home. Many families choose to move to Lowell due to its excellent education system. The area has four public schools: Eastwood Middle School, Eastwood Elementary School, Pine Ridge Middle School and William Gooler Elementary School all providing great educational resources for students. In addition, there are also higher learning institutions such as Ivy Tech Community College and Purdue University Northwest nearby that offer additional learning opportunities for adults looking to further their education.
Lowell (zip 46356) has an unemployment rate of 7.6%. The US average is 6.0%.
Lowell (zip 46356) has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.
Tax Rates for Lowell (zip 46356)
- The Sales Tax Rate for Lowell (zip 46356) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lowell (zip 46356) is 3.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lowell (zip 46356)
- The average income of a Lowell (zip 46356) resident is $25,594 a year. The US average is $28,555 a year.
- The Median household income of a Lowell (zip 46356) resident is $76,344 a year. The US average is $69,021 a year.