Lowell, AR, boasts a cost of living index that is notably lower than the nationwide average of 100. Specifically, the cost of living in Lowell is about 88, which is 12% below the national average. This lower index makes Lowell an attractive option for those looking to reduce their living expenses without compromising too much on quality of life.
The housing index in Lowell stands at 80, showcasing a significant 20% reduction from the national average. This substantial difference makes housing in Lowell particularly affordable. Additionally, the miscellaneous costs, though slightly below average at 85, indicate that overall living expenses in Lowell remain competitively low compared to other areas in the country.
The cost of living index in Lowell, AR, presents a favorable comparison to the nationwide average, which is indexed at 100. Housing costs in Lowell stand at 80, indicating that residents can expect to pay 20% less for housing compared to the national average. This reduced housing expense can significantly benefit individuals and families seeking more affordable living options without sacrificing quality.
Additionally, Lowell's cost of living in other areas mirrors its competitive housing costs. Groceries cost 92, which is 2% lower than the national average, while utilities are priced at 95, reflecting a 5% increase. Transportation costs are at 88, representing a 12% decrease. Healthcare stands at 90, slightly above the average, and miscellaneous expenses are at 85, showing a 15% reduction. Overall, Lowell provides a cost-effective living experience for many essential expenses.
