Discretionary Income in Lowell, MA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Lowell, MA is ranked 239th out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Lowell, MA
Gross Salary
$8,333
Taxes
$1,605
Cost of Living
$4,165
Discretionary Income
$2,563
With a gross annual salary of $100,000 in Lowell, MA, you would need to deduct approximately $1,605 per month for taxes. Given that the average cost of living in Lowell is $4,165, you would have around $2,563 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Lowell, MA, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Lowell, MA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Lowell, MA |
|---|---|
| $30,000 | -$1,933 |
| $40,000 | -$1,241 |
| $50,000 | -$550 |
| $60,000 | $130 |
| $70,000 | $738 |
| $80,000 | $1,347 |
| $90,000 | $1,955 |
| $100,000 | $2,563 |
| $110,000 | $3,170 |
| $120,000 | $3,762 |
| $130,000 | $4,354 |
| $140,000 | $4,945 |
| $150,000 | $5,537 |
| $175,000 | $7,016 |
| $200,000 | $8,468 |
| $250,000 | $11,081 |
| $300,000 | $13,581 |
| $350,000 | $16,081 |
| $400,000 | $18,581 |
| $450,000 | $21,081 |
| $500,000 | $23,581 |
Discretionary Income in Lowell, MA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Lowell, MA is ranked 240th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Lowell, MA
Gross Salary
$8,333
Taxes
$1,605
Cost of Living
$2,778
Discretionary Income
$3,951
With a gross annual salary of $100,000 in Lowell, MA, a single person would need to deduct approximately $1,605 per month for taxes. Considering the average cost of living in Lowell is $2,778, singles would have around $3,951 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Lowell, MA, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Lowell, MA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Lowell, MA |
|---|---|
| $30,000 | -$546 |
| $40,000 | $146 |
| $50,000 | $837 |
| $60,000 | $1,517 |
| $70,000 | $2,126 |
| $80,000 | $2,734 |
| $90,000 | $3,342 |
| $100,000 | $3,951 |
| $110,000 | $4,558 |
| $120,000 | $5,149 |
| $130,000 | $5,741 |
| $140,000 | $6,333 |
| $150,000 | $6,924 |
| $175,000 | $8,403 |
| $200,000 | $9,856 |
| $250,000 | $12,468 |
| $300,000 | $14,968 |
| $350,000 | $17,468 |
| $400,000 | $19,968 |
| $450,000 | $22,468 |
| $500,000 | $24,968 |
Discretionary Income in Lowell, MA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Lowell, MA is ranked 235th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Lowell, MA
Gross Salary
$8,333
Taxes
$1,605
Cost of Living
$4,114
Discretionary Income
$2,614
With a gross annual salary of $100,000 in Lowell, MA, a couple would need to deduct approximately $1,605 per month for taxes. Considering the average cost of living in Lowell is $4,114, couples would have around $2,614 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Lowell, MA, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Lowell, MA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Lowell, MA |
|---|---|
| $30,000 | -$1,882 |
| $40,000 | -$1,191 |
| $50,000 | -$499 |
| $60,000 | $181 |
| $70,000 | $789 |
| $80,000 | $1,398 |
| $90,000 | $2,006 |
| $100,000 | $2,614 |
| $110,000 | $3,221 |
| $120,000 | $3,813 |
| $130,000 | $4,405 |
| $140,000 | $4,996 |
| $150,000 | $5,588 |
| $175,000 | $7,067 |
| $200,000 | $8,519 |
| $250,000 | $11,132 |
| $300,000 | $13,632 |
| $350,000 | $16,132 |
| $400,000 | $18,567 |
| $450,000 | $20,983 |
| $500,000 | $23,400 |
Discretionary Income in Lowell, MA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Lowell, MA is ranked 240th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Lowell, MA
Gross Salary
$8,333
Taxes
$1,344
Cost of Living
$4,070
Discretionary Income
$2,919
With a gross annual salary of $100,000 in Lowell, MA, a single parent would need to deduct approximately $1,344 per month for taxes. Considering the average cost of living in Lowell is $4,070, single parents would have around $2,919 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Lowell, MA, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Lowell, MA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Lowell, MA |
|---|---|
| $30,000 | -$1,772 |
| $40,000 | -$1,070 |
| $50,000 | -$378 |
| $60,000 | $314 |
| $70,000 | $1,005 |
| $80,000 | $1,697 |
| $90,000 | $2,311 |
| $100,000 | $2,919 |
| $110,000 | $3,527 |
| $120,000 | $4,129 |
| $130,000 | $4,721 |
| $140,000 | $5,313 |
| $150,000 | $5,904 |
| $175,000 | $7,384 |
| $200,000 | $8,863 |
| $250,000 | $11,507 |
| $300,000 | $14,012 |
| $350,000 | $16,512 |
| $400,000 | $19,012 |
| $450,000 | $21,512 |
| $500,000 | $24,012 |
Discretionary Income in Lowell, MA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Lowell, MA is ranked 251st out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Lowell, MA
Gross Salary
$8,333
Taxes
$1,103
Cost of Living
$5,697
Discretionary Income
$1,533
With a gross annual salary of $100,000 in Lowell, MA, a family would need to deduct approximately $1,103 per month for taxes. Considering the average cost of living in Lowell is $5,697, families would have around $1,533 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Lowell, MA, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Lowell, MA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Lowell, MA |
|---|---|
| $30,000 | -$3,341 |
| $40,000 | -$2,633 |
| $50,000 | -$1,925 |
| $60,000 | -$1,234 |
| $70,000 | -$542 |
| $80,000 | $150 |
| $90,000 | $841 |
| $100,000 | $1,533 |
| $110,000 | $2,225 |
| $120,000 | $2,893 |
| $130,000 | $3,501 |
| $140,000 | $4,109 |
| $150,000 | $4,718 |
| $175,000 | $6,238 |
| $200,000 | $7,759 |
| $250,000 | $10,748 |
| $300,000 | $13,707 |
| $350,000 | $16,665 |
| $400,000 | $19,569 |
| $450,000 | $22,194 |
| $500,000 | $24,795 |