Cost of Living in Lowell, NC
Housing
The housing market plays a significant role in determining the cost of living in Lowell, NC.
- Housing Index: 99.5 / 100
- Median Home Price is: $257,000
- Average Rent (2 BR Apartment): $1817 per month
- Average Rent (2 BR House): $1975 per month
Analyzing the data for Lowell, NC, the housing index currently stands at 99.5, indicating emerging potential for property investment. The median home price of 257000 suggests a relatively affordable entry point for homebuyers. However, housing options appear limited, with average rent values for a 2-bedroom apartment at 1817 and for a 2-bedroom house at 1975 being absent. It's important to weigh additional factors such as local job opportunities, schools, and community amenities, which significantly influence real estate decisions. Overall, Lowell may offer a promising yet cautious endeavor for new residents.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lowell, NC.
- Electricity Price: $13.72 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $234 per month
Living in Lowell, NC could entail higher utility costs. Electricity costs sit at $13.72, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $234 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Lowell is a financially viable option for your relocation.