Cost of Living in Lowell, MA
Housing
The housing market plays a significant role in determining the cost of living in Lowell, MA.
- Housing Index: 0.0 / 100
- Median Home Price is: $513000
- Average Rent (2 BR Apartment): $0.0 per month
- Average Rent (2 BR House): $0.0 per month
Analyzing the data for Lowell, MA, it's clear that the housing market is heavily influenced by a median home price of 513000. With the housing index at 0.0, it suggests a potentially stagnant or untracked housing market. The absence of data regarding average rents for a 2-bedroom apartment and house indicates a need for further research. For potential movers, it might be worth investigating the overall cost of living and job market opportunities in Lowell before making a decision, as housing affordability only provides part of the picture.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lowell, MA.
- Electricity Price: 28.15 USD (median by state)
- Natural Gas Price: $21.62 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $0.0 per month
Living in Lowell, MA could entail higher utility costs. Electricity costs sit at 28.15, while natural gas is priced at 21.62 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 0.0 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Lowell is a financially viable option for your relocation.