Cost of Living in Lowell
The biggest cost-of-living factor in Lowell, Massachusetts is housing. The median home is priced around $471K, or about $321 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $2,444, plus roughly $451 per month in property taxes. Rates and down payment change this figure significantly.
Lowell's FY2025 residential property tax rate is $11.48 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Lowell.