Farmington, MI vs Lowell, MI

There is a significant gap in the cost of living between these two cities. Lowell is 26.4% cheaper than Farmington. With a cost index of 76 vs 96, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lowell to Farmington should plan for substantially higher expenses across most categories.

On the housing front, median rent in Farmington is $1,299/month compared to $788/month in Lowell — a 65% difference. Home values follow the same pattern: Lowell is more affordable at $231,100 median vs $273,000.

Median household income in Farmington is $94,115 compared to $71,406 in Lowell (+31.8%). While Farmington is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Farmington spend roughly 16.6% of their income on rent, more than the 13.2% in Lowell.