Cost of Living in Lowell, IN: Rent, Income & Home Prices

CheapRent takes 16 cents of every $1 people earn here.

🏠 Rent per month (2026)$1,24229% lower than U.S. average

💵 Families earn per year (2026)$90,620about $7,552/month · 4% higher than U.S. average

🔑 House price$248,00025% lower than U.S. average

Rent is lower than in 73% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 32.7 minutes each way. Most homes (84.3%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $49,680 a year. That is $24 an hour at a full-time job.

Is rent cheaper than other Indiana cities?

No. Rent here is more expensive than in most of Indiana. It is number 71 of 132 cities from cheapest to most expensive.

Lowell

$1,242

$1,103

$1,714

$1,867

$1,151

$908

$764

How much do households earn in Lowell?

Under $25k

11.0%

$25k–50k

13.8%

$50k–100k

48.7%

$100k–150k

15.2%

$150k+

9.4%

Share of households by yearly income. 24.6% of households earn $100,000 or more.

Rent by apartment size in Lowell

Size	Lowell	U.S. average
1 bedroom	$1,109	$1,324
2 bedrooms	$1,307	$1,509
3 bedrooms	$1,236	$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Lowell overall?

Everyday prices in Indiana overall are 7% below the U.S. average (index 93.3, U.S. = 100).

Housing

Goods (food, clothes…)

Utilities

Other services

U.S. average

100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Lowell, so the Indiana figure is shown.

Taxes and bills in Lowell

🏛️ Property tax$2,197a year · 0.89% of home value · U.S. $3,119

⚡ Electric bill$184a month (typical) · U.S. $156

Life in Lowell

Commute to work32.7 minU.S.: 26.4 min

College degree24.2%U.S.: 35.7%

Own their home84.3%U.S.: 65.2%

Below poverty line5.5%U.S.: 12.5%

Unemployment4.9%U.S.: 5.2%

Is it cheaper to rent or buy in Lowell?

Renting is cheaper right now: about $479 a month less.

Renting

$1,242

Owning

$1,721

Owning assumes a typical $248,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $24,800 for the down payment.

Frequently asked questions

What is the average rent in Lowell, IN?

Renting in Lowell costs a median of about $1,242 a month in 2026, including utilities. The Indiana median is $1,219.

How much do I need to make to live in Lowell?

To keep rent under 30% of income, you need about $49,680 a year, or $24 an hour at a full-time job.

Is Lowell cheap or expensive?

Lowell is rated Cheap: rent takes 16.4% of the typical household income of $90,620. It ranks 71st cheapest of 132 Indiana cities we track.

How much are property taxes in Lowell?

The median homeowner in Lowell pays $2,197 a year in property taxes, about 0.89% of the median home value.

Is Lowell more expensive than the national average?

Overall prices in Indiana are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Lowell?

The median home value in Lowell is $248,000, about 2.7 times the typical yearly household income.

11,073 people live in Lowell. Numbers are typical (middle) values.

Is Lowell, IN expensive to live in?