Salary Needed to Live in Lowell as a Family
A family of four (2 adults, 2 children) needs approximately $67,368/year to live comfortably in Lowell, MA — including 15% savings.
Comfortable Salary
$67,368
with 15% savings
Bare Minimum
$53,333
no savings buffer
Monthly Expenses
$3,200
9% above national avg
Detailed Monthly Budget for a Family in Lowell
| Expense | Lowell | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 3BR Apartment/House Rent | $241 | $209 | +15% |
| 🛒 Groceries | $52 | $44 | +18% |
| ⚡ Utilities | $27 | $28 | -4% |
| 🚗 Transportation | $38 | $44 | -14% |
| 🛡️ Car Insurance | $211 | $229 | -8% |
| 🏥 Health Insurance | $68 | $58 | +17% |
| Childcare/After-school | $1,320 | $1,200 | +10% |
| Internet + Phones | $198 | $180 | +10% |
| Children Activities | $275 | $250 | +10% |
| Dining Out | $385 | $350 | +10% |
| School Supplies & Clothing | $220 | $200 | +10% |
| Healthcare Co-pays | $165 | $150 | +10% |
| Total Monthly | $3,200 | $2,942 | +9% |
How We Calculated the Salary
Monthly expenses:$3,200
Target savings (15%):$713/mo
Monthly after-tax needed:$3,913
Effective tax rate:28%
Gross annual salary needed:$67,368
Other Household Types in Lowell
Related Pages
FAQ
What salary does a family with kids need in Lowell?
A family with kids needs approximately $67,368/year ($5,614/month gross) to live comfortably in Lowell with a 15% savings rate.
How much is rent for a family with kids in Lowell?
A 3br apartment/house in Lowell costs approximately $241/month, which is the largest single expense at 8% of the total budget.
Is Lowell affordable for a family with kids?
Lowell is roughly average for family with kids costs, requiring a salary close to the national median.