Lowell, AR is an idyllic small town located in Northwest Arkansas. It is a great place to live due to its low cost of living and high quality of life. The rental rate for two bedroom apartments is around $940, significantly lower than the US average of $1,430. Even groceries are cheaper here - Lowell's Grocery Cost Index is 98, while the US average is 100. There are many local businesses to support as well; popular companies in Lowell include Benton Graphics Solutions, Express Employment Professionals and JB Hunt Transport Services.
Lowell has an unemployment rate of 3.4%. The US average is 6.0%.
Lowell has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 46.9%, which is higher than the US average of 33.5%.
Tax Rates for Lowell
- The Sales Tax Rate for Lowell is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Lowell is 6.9%. The US average is 4.6%.
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Income and Salaries for Lowell
- The average income of a Lowell resident is $30,414 a year. The US average is $37,638 a year.
- The Median household income of a Lowell resident is $80,026 a year. The US average is $69,021 a year.