Everything You Need to Know About the City of Lowell Massachusetts
In 2017, Lowell, MA had a population of 111k people with a median age of 33.3 and a median household income of $48,581. Between 2016 and 2017 the population of Lowell, MA grew from 109,871 to 110,964, a 0.995% increase and its median household income grew from $46,972 to $48,581, a 3.43% increase.
The population of Lowell, MA is 49.1% White Alone, 20.9% Asian Alone, and 20.3% Hispanic or Latino. N/A% of the people in Lowell, MA speak a non-English language, and 87% are U.S. citizens.
The largest universities in Lowell, MA are University of Massachusetts-Lowell (4,328 degrees awarded in 2017), Lincoln Technical Institute-Lowell (142 degrees), and Lowell Academy Hairstyling Institute (57 degrees).
The median property value in Lowell, MA is $240,500, and the homeownership rate is 42.2%. Most people in Lowell, MA commute by Drove Alone, and the average commute time is 25 minutes. The average car ownership in Lowell, MA is 2 cars per household.
In 2017, universities in Lowell, MA awarded 4,527 degrees. The student population of Lowell, MA is skewed towards men, with 11,034 male students and 7,458 female students.
Most students graduating from Universities in Lowell, MA are White (2,787 and 67.4%), followed by Hispanic or Latino (416 and 10.1%), Asian (343 and 8.29%), and Black or African American (258 and 6.24%).
The largest universities in Lowell, MA by the number of degrees awarded are University of Massachusetts-Lowell (4,328 and 95.6%), Lincoln Technical Institute-Lowell (142 and 3.14%), and Lowell Academy Hairstyling Institute (57 and 1.26%).
The most popular majors in Lowell, MA are General Business Administration & Management (770 and 17%), Criminal Justice – Law Enforcement Administration (355 and 7.84%), and General Psychology (321 and 7.09%).
The median tuition costs in Lowell, MA are $N/A for private four-year colleges, and $14,350 and $31,415 respectively, for public four-year colleges for in-state students and out-of-state students.
The economy of Lowell, Massachusetts employs 53.1k people and Lowell has an unemployment rate of 3.9%. Lowell has seen the job market increase by 4.3% over the last year. Future job growth over the next ten years is predicted to be 41.6%, which is higher than the US average of 33.5%. The largest industries in Lowell, MA are Health Care and Social Assistance (8,982 people), Manufacturing (8,908 people), and Retail Trade (5,628 people), and the highest paying industries are Professional, Scientific, & Technical Services ($61,823), Real Estate & Rental & Leasing ($51,923), and Information ($51,633).
Tax Rates for Lowell
– The Sales Tax Rate for Lowell is 6.3%. The US average is 7.3%.
– The Income Tax Rate for Lowell is 5.1%. The US average is 4.6%.
– Tax Rates can have a big impact when Comparing the Cost of Living.
Income and Salaries for Lowell
– The average income of a Lowell resident is $23,046 a year. The US average is $28,555 a year.
– The Median household income of a Lowell resident is $49,164 a year. The US average is $53,482 a year.
