Cost of Living in Lowell, MI

Population 4,133 · Michigan · Data vintage 2023

69
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Lowell is a smaller Michigan community of around 4000 residents, where median household incomes of $71,406 and housing costs ($231,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. The labor market has been unusually tight, with unemployment around 2.5% — below most comparable cities in the state.

Geographically, Lowell sits roughly 15 miles east of Grand Rapids. Housing prices track closely with Grand Rapids' $226,000 median.

Cost Overview

Housing 76
Rent 60

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Lowell

The median home value in Lowell is $231,100 — 24% below the national median of $305,000. Median rent runs $788/month, 40% lower than the national median of $1,314/month. The median household income of $71,406/year is 4% lower than the US median of $74,580. The local unemployment rate is 2.5%, below the national average of 4.8%. Michigan's top state income tax rate is 4.3% and the combined sales tax is 6.0%. Overall, Lowell has a cost of living index of 69 versus the US average of 100, meaning it is 31% less expensive.

🏠 Housing

Median Home Value
$231,100
24% below avg
Zillow Home Value
$393,834
Zillow ZHVI
Median Rent
$788/mo
40% below avg
Price-to-Rent Ratio
24.4x
Favors renting
Property Tax Rate
1.5%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$707
1 BR
$780
2 BR
$962
3 BR
$1,290
4 BR
$1,444
Owner-occupied 71.1%
Renter-occupied 28.9%

💰 Estimated Monthly Budget

Rent median rent
$788
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,402/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
24.4 min
10% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
7.1%

Commute Mode

Drove alone
77.5%
Carpooled
5.9%
Walked
6.0%
Bicycle
2.1%
Work from home
7.1%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.3%
Total Sales Tax 6.0%
State rate 6.0%
Avg local rate 0.0%
Property Tax 1.5%

💼 Income & Employment

Median Household Income
$71,406
4% below avg
Per Capita Income
$32,848
Unemployment Rate
2.5%
49% below avg
Poverty Rate
9.1%
Labor Force Participation
58.0%

🎓 Education

Bachelor's degree+ 20.7%
Graduate degree 6.6%

👥 Demographics

Median Age 36.5
Male median age 34.7
Female median age 38.7

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 49 — Good
51.5%
Good air days/yr
220
Max AQI recorded
198
PM2.5 days
153
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

93%
4-Year Graduation Rate
19:1
Student-teacher ratio
7
Public schools
3,774
Total enrollment

Frequently Asked Questions

What is the cost of living in Lowell, MI?

Lowell has a cost index of 69 (100 = national average). It is 31% below the national average.

What is average rent in Lowell, MI?

The median gross rent in Lowell is $788 per month based on 2023 Census data.

What is the average home price in Lowell?

The median home value in Lowell is $231,100 according to Zillow and Census data.

What is the median income in Lowell?

The median household income in Lowell is $71,406 per year (2023 ACS 5-year estimates).

What is the sales tax in Lowell, MI?

The combined state and local sales tax rate in Lowell is 6.0%. The Michigan state income tax top rate is 4.3%.

Is Lowell, MI affordable?

Yes, Lowell is generally considered affordable, with a cost of living index of 69 — about 31% below the US national average of 100.

Lowell at a Glance

Population
4,133
Median Income
$71,406
Home Value
$231,100
Median Rent
$788/mo
Unemployment
2.5%
Sales Tax
6.0%
View all cities in Michigan →
🗺️ County data for Michigan

Explore county-level cost of living data

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