What Salary Do You Need to Live Comfortably in Lowell, MA in 2024?
Overall, on average, a gross annual salary of $69,054 is required for an average quality of life in Lowell, MA.
Is the Cost of Living High in Lowell, MA?
Lowell, MA is ranked 229th out of the 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered one of the expensive cities in which to live in the U.S. Lowell, MA's average monthly rent is 16% lower than the U.S. average cost of rent.
Is $50,000 a Good Salary in Lowell, MA in 2024?
A gross annual salary of $50,000 in Lowell, MA will yield an average annual net salary of $43,382. Considering that the total average annual cost of living in Lowell, MA is $49,979, a gross annual salary of $50,000 will be insufficient to cover average living costs.
How Much Should You Pay for Rent in Lowell, MA?
The average monthly rent in Lowell, MA in the city center is $1,408 for a 1 bedroom apartment, $1,708 for a 2 bedroom apartment and $2,100 for a 3 bedroom apartment. Outside the city center, the average monthly rent in is $1,503 for a 1 bedroom apartment, $1,802 for a 2 bedroom apartment and $2,200 for a 3 bedroom apartment.