Lowell, North Carolina is a small town located near Gastonia and Charlotte. With a population of 2,808 people, it is a largely rural area that has seen some growth in recent years. Average rent for two bedroom apartments in Lowell is $1,020 per month, which is significantly lower than the national average of $1,430. Additionally, grocery cost index in Lowell is 95 compared to 100 nationwide. Local companies in Lowell include Lowes Foods Grocery Store, Dollar General Store and Eagle Fuel & Convenience Store. Lowe’s Regional Distribution Center is also located nearby. The area offers plenty of outdoor activities and places to explore like Crowders Mountain State Park and Lake Wylie.
Lowell (zip 28098) has an unemployment rate of 5.0%. The US average is 6.0%.
Lowell (zip 28098) has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 44.7%, which is higher than the US average of 33.5%.
Tax Rates for Lowell (zip 28098)
- The Sales Tax Rate for Lowell (zip 28098) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Lowell (zip 28098) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lowell (zip 28098)
- The average income of a Lowell (zip 28098) resident is $22,920 a year. The US average is $28,555 a year.
- The Median household income of a Lowell (zip 28098) resident is $46,250 a year. The US average is $69,021 a year.