Lowell, MA (01854) is an area located in the northeastern United States and has a population of 106,838. The median 2 bedroom rent in Lowell, MA is $1,760 which is higher than the US national average of $1,430. Additionally, the Grocery Cost Index is 106 versus 100 in the US. There are a number of major companies located in Lowell including Enterprise Bank, Apogee Components Inc., and S&W Ready Mix Concrete Co., Inc. These local companies offer quality services to help improve the city's economy and living standards for all its citizens. Other corporations headquartered in Lowell include Ultimate Software Group, Inc., Textron Financial Corporation and Kimball International.
Lowell (zip 01854) has an unemployment rate of 8.0%. The US average is 6.0%.
Lowell (zip 01854) 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 01854)
- The Sales Tax Rate for Lowell (zip 01854) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Lowell (zip 01854) 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 01854)
- The average income of a Lowell (zip 01854) resident is $28,742 a year. The US average is $37,638 a year.
- The Median household income of a Lowell (zip 01854) resident is $58,422 a year. The US average is $69,021 a year.