Cost of Living in Lowell, Massachusetts
In Lowell, the median household income is $78,658 and the median gross rent is $1,625/mo, with a median home value of $429,200. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $78,658
- Median gross rent
- $1,625/mo
- Median home value
- $429,200
- Population
- 118,368
How Lowell compares to the Massachusetts average
| Measure | Lowell, MA | Massachusetts statewide | Difference |
|---|---|---|---|
| Median household income | $78,658 | $103,960 | -24.3% |
| Median gross rent (monthly) | $1,625 | $1,762 | -7.8% |
| Median home value | $429,200 | $562,100 | -23.6% |
Statewide, Massachusetts prices average 105.8 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Lowell
- Salary needed for median rent
- $65,000
- Rent burden at median income
- 24.8%
- Est. affordable home price
- $286,939
So that $1,625/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Lowell is $429,200 — +49.6% above what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other Massachusetts cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.