Lowell, IN

Below Avg · 85

Indiana · Population 10,911 · Updated March 2026

$1,222
Median Rent / Month
$83,125
Median Income
$236,900
Median Home Value
$1,357
Owner Costs / Month

Affordability

How far your income goes in Lowell

17.6%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Indiana

State-level tax rates that affect your costs

3.05%
Income Tax (Top Rate)
7.0%
Sales Tax
0.83%
Property Tax Rate

Estimated Annual Costs

$14,664
Annual Rent
$2,535
State Income Tax
$1,966
Property Tax (est.)

Cost of Living Overview

Lowell offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 85 (where 100 equals the national median), Lowell residents can expect to pay median rent of $1,222/month while earning a median household income of $83,125/year.

The median home value in Lowell, IN is $236,900, with typical monthly owner costs around $1,357 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.6% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Indiana has a moderate income tax rate of 3.05%. Combined with a 7.0% sales tax rate and 0.83% effective property tax rate, the overall tax environment is a factor in the total cost of living in Lowell.

Frequently Asked Questions

Common questions about living costs in Lowell

What is the cost of living in Lowell, IN?
The cost of living index in Lowell, IN is 85 (US average = 100). Median monthly rent is $1,222, median household income is $83,125/year, and the median home value is $236,900.
Is Lowell, IN affordable?
Yes, Lowell is more affordable than the national average with a cost index of 85. The rent-to-income ratio is 17.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Lowell, IN?
The median gross rent in Lowell, IN is $1,222 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,664.
What is the median household income in Lowell?
The median household income in Lowell, IN is $83,125 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Indiana?
Indiana has a top income tax rate of 3.05%, a sales tax of 7.0%, and an effective property tax rate of 0.83%.