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.
IndexLowellNorth CarolinaNational
Cost of living index9197100
IndexLowellNorth CarolinaNational
Goods & Services index97101100
Groceries index100100100
Health care index101104100
Housing index7087100
Transportation index100102100
Utilities index110100100

Did you know?

  • The cost of living in Lowell is 6% lower than the North Carolina average.
  • The cost of living in Lowell is 9% lower than the national average.
  • The cost of housing in Lowell is 30% lower than the national average.
  • North Carolina general sales tax is 7% lower than the national average.
  • North Carolina state income tax is 159% higher than the national average.

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$60,034$5,003$1,401$1,801
Renters$26,786$2,232$625$804

North Carolina Sales Tax

StateGeneral Sales TaxWith Max Surtax
North Carolina4.75%7.5%

North Carolina Income Tax

StateIncome Tax (Low)Income Tax (High)
North Carolina5.75%5.75%

Goods & Services

ItemLowellNational avg.Difference
Haircut $12.40$14.5915.0%
Beauty Salon $36.40$34.685.0%
Toothpaste $2.52$2.471.9%
Shampoo $1.08$1.025.7%
Movie $10.39$9.875.3%
Bowling $5.97$4.3935.9%

Groceries

ItemLowellNational avg.Difference
Ground Beef $4.51$4.480.7%
Fried Chicken $1.59$1.468.6%
Milk $2.59$2.369.9%
Potatoes $3.37$3.0610.1%
Pizza $8.49$9.248.1%
Beer $8.34$8.633.4%

Health Care

ItemLowellNational avg.Difference
Optometrist $119.20$99.7819.5%
Doctor $95.20$105.039.4%
Dentist $91.20$88.702.8%
Ibuprofen $9.12$9.413.1%
Lipitor $322.28$298.508.0%

Housing

ItemLowellNational avg.Difference
Home Price $119,200.00$175,700.0032.2%
Avg. Mortgage Payment $879.18$1,081.0318.7%
Apartment Rent $705.00$920.0023.4%

Transportation

ItemLowellNational avg.Difference
Gasoline $2.19$2.094.9%
Tire Balancing $39.18$45.2913.5%

Utilities

ItemLowellNational avg.Difference
All Electricity$170.61$170.800.1%
Phone $35.01$28.2623.9%
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.
High Shoals, NC55987-13%
Bessemer City, NC5,41088-12%
Kings Mountain, NC10,74389-11%
Ranlo, NC3,47190-10%
Stanley, NC3,59191-9%
Lowell, NC3,56191-9%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Farmington, NH3,5621077%
El Dorado Springs, MO3,56281-19%
Wilkesboro, NC3,5591033%
Yuma, CO3,56390-10%
Lake of the Pines, CA3,56314343%
Lowell, NC3,56191-9%
Source: The Lowell, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.