01850 Lowell, MA is an excellent place to live for those looking for a balance between affordability and convenience. The two-bedroom rent in 01850 is $1,700, which is significantly lower than the national average of $1,430. Additionally, grocery cost index in 01850 is 106 compared to 100 in the US. This makes it an ideal place for people on a budget. There are plenty of local companies to work with including UMass Lowell, Cisco Systems, Enterprise Bank & Trust Company, and Lowell General Hospital just to name a few. For those seeking affordable housing and employment opportunities 01850 Lowell is an excellent choice.
Lowell (zip 01850) has an unemployment rate of 8.0%. The US average is 6.0%.
Lowell (zip 01850) has seen the job market decrease by -8.5% 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 01850)
- The Sales Tax Rate for Lowell (zip 01850) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Lowell (zip 01850) 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 01850)
- The average income of a Lowell (zip 01850) resident is $25,074 a year. The US average is $37,638 a year.
- The Median household income of a Lowell (zip 01850) resident is $59,571 a year. The US average is $69,021 a year.