Lowell, MA, zip code 01851 is an exciting place to live. The average two-bedroom rent is $1,860, which is $430 more than the US average of $1,430. Groceries also cost more here; the grocery cost index in Lowell is 107 versus 100 in the US. Companies like Enterprise Bank, Lowell Five Cent Savings Bank and Santa Maria Restaurant are local favorites. Enterprise Bank specializes in helping businesses and individuals grow their wealth through innovative banking services. Lowell Five provides a variety of banking options such as checking accounts, loans, deposits, mortgages and financial advice. Santa Maria Restaurant is known for its delicious Italian cuisine and its excellent customer service. These companies all contribute to making Lowell a great place to call home.
Lowell (zip 01851) has an unemployment rate of 8.0%. The US average is 6.0%.
Lowell (zip 01851) has seen the job market increase by 4.3% over the last year. Future job growth over the next ten years is predicted to be 41.6%, which is higher than the US average of 33.5%.
Tax Rates for Lowell (zip 01851)
- The Sales Tax Rate for Lowell (zip 01851) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Lowell (zip 01851) is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lowell (zip 01851)
- The average income of a Lowell (zip 01851) resident is $22,729 a year. The US average is $28,555 a year.
- The Median household income of a Lowell (zip 01851) resident is $72,133 a year. The US average is $69,021 a year.