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.
IndexLowellIndianaNational
Cost of living index9587100
IndexLowellIndianaNational
Goods & Services index9894100
Groceries index10094100
Health care index10295100
Housing index8873100
Transportation index10892100
Utilities index8690100
Displayed above is a general overview of the Lowell, IN cost of living index. The overall cost of living index in Lowell, IN is 95, which is 9% higher than the Indiana average and 5% 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, IN are 4% higher than the Indiana average and 2% lower than the national average.

Did you know?

  • The cost of living in Lowell is 9% higher than the Indiana average.
  • The cost of living in Lowell is 5% lower than the national average.
  • The cost of housing in Lowell is 12% lower than the national average.
  • Indiana general sales tax is 37% higher than the national average.
  • Indiana state income tax is 48% higher than the national average.

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Health care index
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Use the salary calculator to compare your current income in Lowell, IN to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Lowell, IN, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Lowell, IN salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$67,183$5,599$1,567$2,016
Renters$41,017$3,418$957$1,231
One can approximate the cost of living and the housing affordability in Lowell, IN by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Lowell, IN have a median income of $67,183. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,567 per month to avoid calamity and poverty. The renters in the city have an income of about $41,017, which would make their monthly maximum allowable rental costs $957.

Indiana Sales Tax

StateGeneral Sales TaxWith Max Surtax
Indiana7%7%

Indiana Income Tax

StateIncome Tax (Low)Income Tax (High)
Indiana3.3%3.3%
When assessing the complete cost of living in Lowell, IN, the Indiana income tax and the Indiana sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Indiana maximum surtax is 7%, and the Indiana sales tax is 7%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 3.3% to 3.3% in Indiana.

Goods & Services

ItemLowellNational avg.Difference
Haircut $15.19$15.562.4%
Beauty Salon $31.59$36.1112.5%
Toothpaste $2.03$2.4717.9%
Shampoo $0.84$0.9613.0%
Movie $7.66$10.1324.4%
Bowling $5.05$4.746.6%

Groceries

ItemLowellNational avg.Difference
Ground Beef $5.42$3.9835.9%
Fried Chicken $1.52$1.418.2%
Milk $1.87$2.069.2%
Potatoes $3.81$2.9827.7%
Pizza $8.94$9.475.6%
Beer $8.16$8.797.2%

Health Care

ItemLowellNational avg.Difference
Optometrist $93.41$101.047.6%
Doctor $119.33$107.4411.1%
Dentist $90.11$90.420.3%
Ibuprofen $8.48$9.288.7%
Lipitor $428.77$426.500.5%

Housing

ItemLowellNational avg.Difference
Home Price $145,600.00$175,700.0017.1%
Avg. Mortgage Payment $891.46$1,133.2321.3%
Apartment Rent $929.00$920.001.0%

Transportation

ItemLowellNational avg.Difference
Gasoline $2.02$1.991.5%
Tire Balancing $55.77$45.7621.9%

Utilities

ItemLowellNational avg.Difference
All Electricity$157.05$163.814.1%
Phone $20.95$28.3926.2%
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.
Ford Heights, IL2,77792-8%
Shelby, IN52685-15%
South Chicago Heights, IL4,16488-12%
Park Forest, IL22,49089-11%
Schneider, IN28789-11%
Lowell, IN9,34795-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Fife, WA9,34611313%
Harleysville, PA9,34812525%
Groton, CT9,34811919%
Lakes, AK9,34512424%
Brandon, SD9,35098-2%
Lowell, IN9,34795-5%
Source: The Lowell, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.