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.
IndexLowellMassachusettsNational
Cost of living index125130100
IndexLowellMassachusettsNational
Goods & Services index127111100
Groceries index108113100
Health care index124111100
Housing index124167100
Transportation index116117100
Utilities index156126100
Displayed above is a general overview of the Lowell, MA cost of living index. The overall cost of living index in Lowell, MA is 125, which is 4% lower than the Massachusetts average and 25% higher 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, MA are 15% higher than the Massachusetts average and 27% higher than the national average.

Did you know?

  • The cost of living in Lowell is 4% lower than the Massachusetts average.
  • The cost of living in Lowell is 25% higher than the national average.
  • The cost of housing in Lowell is 24% higher than the national average.
  • Massachusetts general sales tax is 23% higher than the national average.
  • Massachusetts state income tax is 132% higher than the national average.

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Compare Lowell, MA Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Lowell, MA 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, MA, then you would need to earn more income in order to maintain the same standard of living. To use the Lowell, MA 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$73,576$6,131$1,717$2,208
Renters$32,860$2,738$767$986
If you want to find a good determining factor for the cost of living and the general affordability of housing in Lowell, MA, 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, MA, the median monthly income is $73,576 for those who own their own homes. Under the standard rule, that income level would allow for $1,717 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $32,860, per the median income in the area. That would allow for renters to spend up to $767 on monthly rental expenses.

Massachusetts Sales Tax

StateGeneral Sales TaxWith Max Surtax
Massachusetts6.25%6.25%

Massachusetts Income Tax

StateIncome Tax (Low)Income Tax (High)
Massachusetts5.15%5.15%
When assessing the complete cost of living in Lowell, MA, the Massachusetts income tax and the Massachusetts 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 Massachusetts maximum surtax is 6.25%, and the Massachusetts sales tax is 6.25%. 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 5.15% to 5.15% in Massachusetts.

Goods & Services

ItemLowellNational avg.Difference
Haircut $19.67$14.5934.8%
Beauty Salon $54.00$34.6855.7%
Toothpaste $2.54$2.472.7%
Shampoo $1.00$1.022.2%
Movie $11.69$9.8718.5%
Bowling $5.75$4.3930.9%

Groceries

ItemLowellNational avg.Difference
Ground Beef $4.49$4.480.3%
Fried Chicken $1.67$1.4614.1%
Milk $2.29$2.362.8%
Potatoes $3.29$3.067.5%
Pizza $10.00$9.248.2%
Beer $8.99$8.634.1%

Health Care

ItemLowellNational avg.Difference
Optometrist $113.50$99.7813.8%
Doctor $151.00$105.0343.8%
Dentist $115.00$88.7029.6%
Ibuprofen $9.74$9.413.5%
Lipitor $310.83$298.504.1%

Housing

ItemLowellNational avg.Difference
Home Price $228,000.00$175,700.0029.8%
Avg. Mortgage Payment $1,761.00$1,081.0362.9%
Apartment Rent $1,005.00$920.009.2%

Transportation

ItemLowellNational avg.Difference
Gasoline $2.35$2.0912.3%
Tire Balancing $57.29$45.2926.5%

Utilities

ItemLowellNational avg.Difference
All Electricity$292.18$170.8071.1%
Phone $38.25$28.2635.4%
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.
Devens, MA1,74512222%
Lawrence, MA77,36412323%
Hudson, NH7,72511818%
Nashua, NH86,79912020%
Ayer, MA2,93012828%
Lowell, MA108,49112525%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
San Buenaventura (Ventura), CA108,44914141%
Gresham, OR108,25011414%
West Jordan, UT108,0621066%
Fairfield, CA107,98312727%
Clearwater, FL109,21096-4%
Lowell, MA108,49112525%
Source: The Lowell, MA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.