Lowell cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexLowellArkansasNational
Cost of living index9086100
IndexLowellArkansasNational
Goods & Services index9396100
Groceries index9295100
Health care index9088100
Housing index7965100
Transportation index9192100
Utilities index103102100
Displayed above is a general overview of the Lowell, AR cost of living index. The overall cost of living index in Lowell, AR is 90, which is 4% higher than the Arkansas average and 10% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Lowell, AR are 3% lower than the Arkansas average and 7% lower than the national average.

Did you know?

  • The cost of living in Lowell is 4% higher than the Arkansas average.
  • The cost of living in Lowell is 10% lower than the national average.
  • The cost of housing in Lowell is 21% lower than the national average.
  • Arkansas general sales tax is 28% higher than the national average.
  • Arkansas state income tax is 60% lower than the national average.

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Compare Lowell, AR Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Lowell, AR to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Lowell, AR, then you would need to earn more income in order to maintain the same standard of living. To use the Lowell, AR salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$63,724$5,310$1,487$1,912
Renters$39,276$3,273$916$1,178
If you want to find a good determining factor for the cost of living and the general affordability of housing in Lowell, AR, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Lowell, AR, the median monthly income is $63,724 for those who own their own homes. Under the standard rule, that income level would allow for $1,487 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $39,276, per the median income in the area. That would allow for renters to spend up to $916 on monthly rental expenses.

Arkansas Sales Tax

StateGeneral Sales TaxWith Max Surtax
Arkansas6.5%11.625%

Arkansas Income Tax

StateIncome Tax (Low)Income Tax (High)
Arkansas0.9%6.9%
One thing to keep in mind when considering the cost of living in Lowell, AR is the Arkansas sales tax and Arkansas income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Arkansas sales tax rate is 6.5% and the maximum surtax that can be charged is 11.625%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Arkansas income tax rates range from 0.9% to 6.9%.

Goods & Services

ItemLowellNational avg.Difference
Haircut $13.60$14.596.8%
Beauty Salon $30.40$34.6812.3%
Toothpaste $2.45$2.470.9%
Shampoo $0.82$1.0219.8%
Movie $9.00$9.878.8%
Bowling $2.93$4.3933.3%

Groceries

ItemLowellNational avg.Difference
Ground Beef $4.82$4.487.7%
Fried Chicken $1.07$1.4626.9%
Milk $2.61$2.3610.7%
Potatoes $3.39$3.0610.7%
Pizza $10.10$9.249.3%
Beer $9.30$8.637.7%

Health Care

ItemLowellNational avg.Difference
Optometrist $96.25$99.783.5%
Doctor $88.20$105.0316.0%
Dentist $79.75$88.7010.1%
Ibuprofen $7.97$9.4115.3%
Lipitor $295.31$298.501.1%

Housing

ItemLowellNational avg.Difference
Home Price $136,600.00$175,700.0022.3%
Avg. Mortgage Payment $869.39$1,081.0319.6%
Apartment Rent $762.00$920.0017.2%

Transportation

ItemLowellNational avg.Difference
Gasoline $1.80$2.0913.7%
Tire Balancing $46.33$45.292.3%

Utilities

ItemLowellNational avg.Difference
All Electricity$157.83$170.807.6%
Phone $33.40$28.2618.2%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Springtown, AR6879-21%
Garfield, AR50887-13%
Avoca, AR72787-13%
Springdale, AR73,78988-12%
Pea Ridge, AR4,95689-11%
Lowell, AR7,75690-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Old Town, ME7,7561011%
Mahopac, NY7,75514242%
Round Lake Park, IL7,7581022%
Fairfield Glade, TN7,75497-3%
Templeton, CA7,75313131%
Lowell, AR7,75690-10%
Source: The Lowell, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.