Cost of Living: Melrose, MA vs Lowell, MA
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,224/mo in Melrose, MA versus $4,224/mo in Lowell, MA. In the model, rent is about 28.17% of gross in Melrose, MA versus 23.37% in Lowell, MA, so Lowell, MA tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Melrose, MA and Lowell, MA.
At a glance
- Cheaper overall (lower cost-of-living index): Lowell, MA
- Lower rent (median 1BR/2BR): Lowell, MA
- Lower home prices: Lowell, MA
- Higher median household income: Melrose, MA
Cost of Living Index
Melrose, MA: 100 (U.S. = 100) · Lowell, MA: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Melrose, MA: $1,837/mo (midpoint of 1BR/2BR) · Lowell, MA: $1,523/mo
Median rent in Melrose, MA is $314/mo higher than in Lowell, MA.
Median Home Price
Melrose, MA: $796,100 · Lowell, MA: $395,100
Median home price in Melrose, MA is $401,000 higher than in Lowell, MA.
Median Household Income
Melrose, MA: $126,854 · Lowell, MA: $76,205
Melrose, MA has a higher median household income than Lowell, MA by $50,649.
Melrose, MA overview · Lowell, MA overview · Popular comparisons