Cost of Living in Lowell, OH

With a cost of living index of 65, Lowell, OH is one of the most affordable cities in the country. Living here is 35% cheaper than the national average and 12% below the Ohio state average of 78. Lowell is a small community of 512 residents.

Housing costs are the biggest factor in Lowell's cost of living. The median monthly rent is $769 (42% below the US median of $1,319), and the median home value sits at $122,500 (60% below the national median of $304,900). At current prices, the median home costs roughly 2.7x the median household income — well within traditional affordability guidelines.

The median household income in Lowell is $45,625, which is 39% lower than the national median of $75,149. Residents spend roughly 20% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Lowell. The area sees an average annual temperature of 54.3°F, with summers averaging 73°F and winters around 34°F. Annual rainfall totals 42.5 inches spread over roughly 144 days.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.