| Index | Lowell | Indiana | National |
| Cost of living | 97 | 89 | 100 |
| Groceries | 95 | 97 | 100 |
| Health care | 98 | 97 | 100 |
| Housing | 100 | 72 | 100 |
| Transportation | 95 | 96 | 100 |
| Utilities | 93 | 96 | 100 |
| Lifestyle & Entertainment | 98 | 95 | 100 |
| Household Items | 96 | 98 | 100 |
| Education & Childcare | 97 | 94 | 100 |
The cost of living in Lowell affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Lowell is 97, which is 3% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Lowell are priced in a manner consistent with other areas. This means that residents of Lowell can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
Is Lowell an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Lowell is 7.7% lower than the national average, while the average monthly rent prices are 17.9% higher than average. The affordability of any location can also be influenced by median income levels. Lowell has a median household income of $104,076, which is 28% higher than the national average.
Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Lowell, healthcare costs are 2.3% lower than the national average.
Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.
Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.
The cost of living data for Lowell shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $102,986 | $8,582 | $2,403 | $3,090 |
| Renters | $66,543 | $5,545 | $1,553 | $1,996 |
| State | General Sales Tax | With Max Surtax |
| Indiana | 7% | 7% |
| State | Income Tax (Low) | Income Tax (High) |
| Indiana | 3.15% | 3.15% |
| City | Population | Cost of Living Index | National Avg. |
| Wheeler, IN | 237 | 96 | 3.8% |
| Ford Heights, IL | 2,801 | 83 | 16.6% |
| Shelby, IN | 384 | 85 | 15.5% |
| Lake Village, IN | 725 | 85 | 14.7% |
| Sauk Village, IL | 10,669 | 89 | 10.7% |
| Lowell, IN | 10,146 | 97 | 3.0% |
| City | Population | Cost of Living Index | National Avg. |
| Orange Lake, NY | 10,147 | 121 | 21.3% |
| East Rockaway, NY | 10,149 | 151 | 50.7% |
| Rifle, CO | 10,154 | 117 | 16.5% |
| Fort Oglethorpe, GA | 10,157 | 89 | 10.9% |
| Boiling Springs, SC | 10,161 | 96 | 4.0% |
| Lowell, IN | 10,146 | 97 | 3.0% |
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