Lowell, MI is a small city located in Kent County with a population of just over 49,331 people. The city has an overall cost of living that is lower than the US average, making it attractive for people looking for affordable housing. The average rent for two bedrooms in Lowell is $1,210 which is significantly lower than the national average of $1,430. Grocery costs are also competitive with an index score of 98 as compared to the nation’s 100.
Lowell offers its residents plenty to do from visiting local parks and lakes to exploring unique stores like Art on Clay or Unwound Boutique on Main Street. Other attractions include the nearby Lowell Showboat and entertainment venue or a cultural outing at the Lowell Area Arts Council. Additionally, major employers in Lowell include Surewood Products, ZF Lemforder Corporation and SMX Staffing Solutions.
Lowell (zip 49331) has an unemployment rate of 4.8%. The US average is 6.0%.
Lowell (zip 49331) has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 37.7%, which is higher than the US average of 33.5%.
Tax Rates for Lowell (zip 49331)
- The Sales Tax Rate for Lowell (zip 49331) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lowell (zip 49331) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lowell (zip 49331)
- The average income of a Lowell (zip 49331) resident is $26,429 a year. The US average is $28,555 a year.
- The Median household income of a Lowell (zip 49331) resident is $87,987 a year. The US average is $69,021 a year.