Lowell, AR, offers a cost of living that is slightly below the nationwide average. The cost of living index for Lowell stands at 92, which is 8% lower than the national average of 100. This makes Lowell a more affordable place to live in terms of housing, groceries, utilities, transportation, healthcare, and miscellaneous expenses.
Job seekers considering Lowell will find that their dollars stretch further here compared to the national average. Housing costs 13% less, while groceries and utilities are only 5% and 8% below the national average, respectively. This affordability can be a significant advantage for those looking to maximize their budget.
Lowell, AR, presents a cost of living that is notably lower than the nationwide average, which is set at 100. The housing index in Lowell stands at 87, indicating that housing costs are 13% lower than the national average. This makes it a more affordable option for those seeking to purchase or rent homes in the area. Additionally, the groceries index is at 95, which means that grocery expenses are only 5% below the national average. This affordability extends to utilities, with an index of 92, showing a modest 8% decrease in costs compared to the average.
Transportation costs in Lowell are slightly above the national average, with an index of 98, indicating a minimal 2% increase. Healthcare costs also remain close to the national average, with an index of 94, which is only 6% lower. Miscellaneous expenses, which include items like entertainment and personal care, are at 90, showing a 10% reduction. Overall, Lowell offers a cost of living that is generally lower than the national average, making it an attractive option for those looking to manage their expenses effectively.