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.
IndexLowellMichiganNational
Cost of living index8789100
IndexLowellMichiganNational
Goods & Services index10195100
Groceries index9492100
Health care index9596100
Housing index6273100
Transportation index9797100
Utilities index96100100
A general summary of the cost of living index in Lowell, MI is shown above. Compared to the state average of Michigan the cost of living index in Lowell, MI is 87, which is 2% lower than the average in Michigan and compared to the national average it is 13% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Lowell, MI goods and services come in at 6% higher than the average in Michigan and are 1% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Lowell is 2% lower than the Michigan average.
  • The cost of living in Lowell is 13% lower than the national average.
  • The cost of housing in Lowell is 38% lower than the national average.
  • Michigan general sales tax is 18% higher than the national average.
  • Michigan state income tax is 91% higher than the national average.

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Salary Calculator

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Use the salary calculator to compare your current income in Lowell, MI 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, MI, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Lowell, MI 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$59,123$4,927$1,379$1,774
Renters$33,365$2,780$778$1,001
One can approximate the cost of living and the housing affordability in Lowell, MI 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, MI have a median income of $59,123. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,379 per month to avoid calamity and poverty. The renters in the city have an income of about $33,365, which would make their monthly maximum allowable rental costs $778.

Michigan Sales Tax

StateGeneral Sales TaxWith Max Surtax
Michigan6%6%

Michigan Income Tax

StateIncome Tax (Low)Income Tax (High)
Michigan4.25%4.25%
One thing to keep in mind when considering the cost of living in Lowell, MI is the Michigan sales tax and Michigan 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 Michigan sales tax rate is 6% and the maximum surtax that can be charged is 6%. 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 Michigan income tax rates range from 4.25% to 4.25%.

Goods & Services

ItemLowellNational avg.Difference
Haircut $16.00$14.599.6%
Beauty Salon $35.00$34.680.9%
Toothpaste $1.72$2.4730.5%
Shampoo $0.98$1.024.1%
Movie $10.15$9.872.9%
Bowling $4.27$4.392.8%

Groceries

ItemLowellNational avg.Difference
Ground Beef $4.49$4.480.3%
Fried Chicken $1.19$1.4618.7%
Milk $2.45$2.364.0%
Potatoes $2.82$3.067.9%
Pizza $8.96$9.243.1%
Beer $9.04$8.634.7%

Health Care

ItemLowellNational avg.Difference
Optometrist $84.50$99.7815.3%
Doctor $94.00$105.0310.5%
Dentist $79.67$88.7010.2%
Ibuprofen $8.48$9.419.9%
Lipitor $342.99$298.5014.9%

Housing

ItemLowellNational avg.Difference
Home Price $97,100.00$175,700.0044.7%
Avg. Mortgage Payment $849.65$1,081.0321.4%
Apartment Rent $722.00$920.0021.5%

Transportation

ItemLowellNational avg.Difference
Gasoline $1.95$2.096.8%
Tire Balancing $48.00$45.296.0%

Utilities

ItemLowellNational avg.Difference
All Electricity$159.83$170.806.4%
Phone $27.99$28.260.9%
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.
Belding, MI5,76484-16%
Woodland, MI42184-16%
Saranac, MI1,46984-16%
Ionia, MI11,38885-15%
Lake Odessa, MI1,94985-15%
Lowell, MI3,83887-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Frederick, OK3,83775-25%
Indian Head Park, IL3,83711313%
Auburn Lake Trails, CA3,83914242%
Huntingtown, MD3,84014545%
South Russell, OH3,84011818%
Lowell, MI3,83887-13%
Source: The Lowell, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.