Lowell, MA Cost Of Living
Cost Of Living In Lowell, MA Summary
Cost of living in Lowell research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Lowell is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Massachusetts, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Lowell is 119, with 100 being the average.
The cost of living index in Lowell is 1.2x higher than the national average.
Lowell ranks as the #27 cheapest in Massachusetts out of 113.
Lowell ranks as the #4,736 cheapest out of 6,412 in the US.
The median home value in Lowell is $312,600.
The median income in Lowell is $64,489.
Table Of Contents
Lowell's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lowell, MA?
According to the most recent data on the cost of living, Lowell has an overall cost of living index of 119, which is 1.2x higher than the national index of 100.
Compared to Massachusetts, Lowell has a cost of living index that's 0.8x lower than Massachusetts's index of 143.
The standard of living in Lowell ranks as #27 most affordable out of the 113 places we measured in Massachusetts. By definition, that implies Lowell ranks as the #86 most expensive place in the Bay State.
For more reading on life in Lowell, check out:
- Living In Lowell
- Lowell Crime Report
- Search Homes For Sale In Lowell, MA
In Massachusetts
In America
Lowell Cost Of Living Vs. Massachusetts
Six factors go into calculating the cost of living index in Lowell. Here is how it fairs on each of the criteria:
The Services index in Lowell is 128.
The Groceries index in Lowell is 111.
The Health index in Lowell is 120.
The Housing index in Lowell is 124.
The Transportation index in Lowell is 110.
The Utilities index in Lowell is 122.
| Living Expense | Lowell | Massachusetts | National Average | |
|---|---|---|---|---|
| Overall | 119 | 143 | 100 | |
| Services | 128 | 126 | 100 | |
| Groceries | 111 | 108 | 100 | |
| Health | 120 | 117 | 100 | |
| Housing | 124 | 202 | 100 | |
| Transportation | 110 | 114 | 100 | |
| Utilities | 122 | 123 | 100 | |
Lowell, MA Housing Cost Breakdown
Housing swings affordability the most between places in Massachusetts, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Lowell is $312,600.
The Median Rent in Lowell is $1,311.
The Median Income in Lowell is $64,489.
The Home Value To Income in Lowell is 4.8x.
The Rent To Monthly Income in Lowell is 0.24x.
| Statistic | Lowell | Massachusetts | United States |
|---|---|---|---|
| Median Home Value | $312,600 | $424,700 | $244,900 |
| Median Rent | $1,311 | $1,429 | $1,163 |
| Median Income | $64,489 | $89,026 | $69,021 |
| Home Value To Income | 4.8x | 4.8x | 3.5x |
| Rent To Monthly Income | 0.24x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Lowell, MA Costs By Category
Detailed Lowell Services Costs Vs. Massachusetts
| Item | Lowell | Massachusetts |
|---|---|---|
| Shampoo | $1.0 | $1.06 |
| Movie | $14.43 | $10.68 |
| Bowling | $21.0 | $14.67 |
| Haircut | $34.97 | $18.62 |
| Beauty Salon | $64.17 | $39.05 |
Detailed Lowell Groceries Costs Vs. Massachusetts
| Item | Lowell | Massachusetts |
|---|---|---|
| Ground Beef | $3.74 | $4.22 |
| Fried Chicken | $1.64 | $1.39 |
| Milk | $2.27 | $2.05 |
| Potatoes | $4.02 | $3.29 |
| Pizza | $11.16 | $10.62 |
| Beer | $9.29 | $9.38 |
| Toothpaste | $2.3 | $2.34 |
Detailed Lowell Health Costs Vs. Massachusetts
| Item | Lowell | Massachusetts |
|---|---|---|
| Optometrist | $102.75 | $108.57 |
| Doctor | $194.0 | $116.17 |
| Dentist | $108.27 | $99.13 |
Detailed Lowell Transportation Costs Vs. Massachusetts
| Item | Lowell | Massachusetts |
|---|---|---|
| Gasoline | $2.19 | $2.22 |
| Tire Balancing | $64.47 | $50.07 |
Detailed Lowell Utilities Costs Vs. Massachusetts
| Item | Lowell | Massachusetts |
|---|---|---|
| All Electricity | $233.87 | $167.67 |
| Phone | $181.11 | $175.64 |
Lowell SnackAbility
/10
Cost Of Living In Cities Around Lowell
The cost of living varies in the cities and towns around Lowell. Here's a quick look at the cost of living in the most populous nearby places:
Nashua, NH has a cost of living index of 113, 0.9x Lowell.
Lawrence, MA has a cost of living index of 120, 1.0x Lowell.
Arlington, MA has a cost of living index of 162, 1.4x Lowell.
| City | Population | Cost Of Living | Vs. Lowell |
|---|---|---|---|
| Nashua, NH | 90,659 | 113 | 0.9x |
| Lawrence, MA | 87,798 | 120 | 1.0x |
| Arlington, MA | 46,045 | 162 | 1.4x |
| Lexington, MA | 34,235 | 190 | 1.6x |
| Melrose, MA | 29,567 | 145 | 1.2x |
| Belmont, MA | 27,056 | 181 | 1.5x |
| Burlington, MA | 26,234 | 149 | 1.3x |
| Reading, MA | 25,483 | 152 | 1.3x |
| Wilmington, MA | 23,311 | 146 | 1.2x |
| Winchester, MA | 22,875 | 190 | 1.6x |
