Lowell, AR has a lower cost of living compared to the nationwide average. The cost of living index in Lowell stands at 92, which is 8% lower than the national average of 100. This means residents can expect to spend less on various expenses such as housing, groceries, utilities, transportation, healthcare, and miscellaneous items.
Specifically, housing costs 14% less, while groceries, utilities, transportation, healthcare, and miscellaneous items are priced only slightly above or close to the national average. This overall lower cost of living makes Lowell an attractive option for those looking to reduce their expenses without compromising on quality of life.
Lowell, AR, presents a cost of living that is generally lower than the nationwide average. When comparing specific areas, housing costs in Lowell stand at 86, which is 14% below the average of 100. This makes housing one of the more affordable aspects of living in Lowell. Similarly, miscellaneous expenses, including entertainment and personal care, are at 90, only 10% below the average.
Other areas also show varying degrees of affordability. Groceries cost 94 in Lowell, which is 6% below the national average. Utilities, which include electricity, gas, and water, are priced at 95, just 5% below the average. Transportation costs are slightly higher, with a 96 index, indicating a 4% increase over the average. Healthcare costs are also slightly lower, with an index of 92, showing an 8% decrease from the average. Overall, job seekers in Lowell can expect to find living costs reasonably close to the national average, with some areas offering notable savings.
