Lowell, IN Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Lowell, IN Summary

Cost of living in Lowell research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Lowell is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Indiana, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Lowell is 97, with 100 being the average.

  • The cost of living index in Lowell is 1.0x lower than the national average.

  • Lowell ranks as the #99 cheapest in Indiana out of 124.

  • Lowell ranks as the #2,747 cheapest out of 6,412 in the US.

  • The median home value in Lowell is $183,500.

  • The median income in Lowell is $71,463.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
97
Lowell's Overall Cost Of Living
1.0x
Lower Than The National Average

What is the cost of living in Lowell, IN?

According to the most recent data on the cost of living, Lowell has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.

Compared to Indiana, Lowell has a cost of living index that's 1.1x higher than Indiana's index of 91.

The standard of living in Lowell ranks as #99 most affordable out of the 124 places we measured in Indiana. By definition, that implies Lowell ranks as the #25 most expensive place in the Hoosier State.

For more reading on life in Lowell, check out:

99 out of 124
In Indiana
2,747 out of 6,412
In America

Lowell Cost Of Living Vs. Indiana

Six factors go into calculating the cost of living index in Lowell. Here is how it fairs on each of the criteria:

  • The Services index in Lowell is 96.

  • The Groceries index in Lowell is 102.

  • The Health index in Lowell is 98.

  • The Housing index in Lowell is 88.

  • The Transportation index in Lowell is 114.

  • The Utilities index in Lowell is 90.

Living Expense Lowell Indiana National Average
Overall 97 91 100
Services 96 94 100
Groceries 102 96 100
Health 98 101 100
Housing 88 77 100
Transportation 114 95 100
Utilities 90 106 100
For more reading on cost of living around Indiana, check out:
Lowell Cost of Living Vs. IN

Lowell, IN Housing Cost Breakdown

Housing swings affordability the most between places in Indiana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Lowell is $183,500.

  • The Median Rent in Lowell is $1,102.

  • The Median Income in Lowell is $71,463.

  • The Home Value To Income in Lowell is 2.6x.

  • The Rent To Monthly Income in Lowell is 0.19x.

Statistic Lowell Indiana United States
Median Home Value $183,500 $158,500 $244,900
Median Rent $1,102 $891 $1,163
Median Income $71,463 $61,944 $69,021
Home Value To Income 2.6x 2.6x 3.5x
Rent To Monthly Income 0.19x 0.17x 0.2x
Search Homes For Sale In Lowell, IN
$183,500
Median Home Value
$1,102
Median Rent
$71,463
Median Income

Lowell, IN Costs By Category

Detailed Lowell Services Costs Vs. Indiana

Item Lowell Indiana
Shampoo $0.97 $1.06
Movie $8.62 $10.68
Bowling $14.73 $14.67
Haircut $19.15 $18.62
Beauty Salon $32.13 $39.05

Detailed Lowell Groceries Costs Vs. Indiana

Item Lowell Indiana
Ground Beef $4.22 $4.22
Fried Chicken $1.52 $1.39
Milk $1.99 $2.05
Potatoes $3.01 $3.29
Pizza $11.69 $10.62
Beer $8.72 $9.38
Toothpaste $2.2 $2.34

Detailed Lowell Health Costs Vs. Indiana

Item Lowell Indiana
Optometrist $162.5 $108.57
Doctor $115.78 $116.17
Dentist $94.98 $99.13

Detailed Lowell Transportation Costs Vs. Indiana

Item Lowell Indiana
Gasoline $2.33 $2.22
Tire Balancing $63.2 $50.07

Detailed Lowell Utilities Costs Vs. Indiana

Item Lowell Indiana
All Electricity $130.12 $167.67
Phone $191.29 $175.64

Lowell SnackAbility

6
/10
Overall SnackAbility
Jobs
8/10
Housing
8
Affordability
8
Diversity
5
Safety
9
Amenities
8.5
Education
8.5
Commute
4

Cost Of Living In Cities Around Lowell

The cost of living varies in the cities and towns around Lowell. Here's a quick look at the cost of living in the most populous nearby places:

  • Crown Point, IN has a cost of living index of 99, 1.0x Lowell.

  • Lansing, IL has a cost of living index of 98, 1.0x Lowell.

  • Munster, IN has a cost of living index of 109, 1.1x Lowell.

City Population Cost Of Living Vs. Lowell
Crown Point, IN 33,518 99 1.0x
Lansing, IL 28,916 98 1.0x
Munster, IN 23,717 109 1.1x
Park Forest, IL 21,368 87 0.9x
St. John, IN 19,805 108 1.1x
Dyer, IN 16,422 108 1.1x
Cedar Lake, IN 13,725 95 1.0x
Steger, IL 9,568 90 0.9x
Lynwood, IL 9,095 101 1.0x
Glenwood, IL 8,590 101 1.0x

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