Lowell, MA 01852 is a city located in the greater Boston area with an estimated population of 110,947 as of 2019. The average 2 bedroom rent in Lowell is $1,890 which is significantly higher than the national average of $1,430. Furthermore, the grocery cost index for Lowell stands at 106 versus 100 in the US.
Lowell has undergone an economic transformation from its historic mill town past to a modern center of commerce and industry. Major companies located in Lowell include Kronos Incorporated, Lotus International Education Alliance, Enterprise Bank & Trust Company and Bay State Textiles. With such major companies situated here, Lowell is now seen as a bustling hub of activity with plenty of employment opportunities available to locals.
Lowell (zip 01852) has an unemployment rate of 8.0%. The US average is 6.0%.
Lowell (zip 01852) 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 01852)
- The Sales Tax Rate for Lowell (zip 01852) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Lowell (zip 01852) 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 01852)
- The average income of a Lowell (zip 01852) resident is $33,078 a year. The US average is $37,638 a year.
- The Median household income of a Lowell (zip 01852) resident is $68,256 a year. The US average is $69,021 a year.