Lowell has a population of 114,737 with a median age of 34.6. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 114,737 |
| Median Age | 34.6 |
| White | 54.3% |
| Black or African American | 9.5% |
| Asian | 22.6% |
| Hispanic or Latino | 17.8% |
The median household income in Lowell is $73,008, which is 2.8% below the national median of $75,149. The per capita income is $33,574. The poverty rate is 16.6%.
The unemployment rate in Lowell is 5.7%, compared to the national rate of 5.4%.
In Lowell, 82.8% of residents age 25+ have a high school diploma or higher, and 28.3% hold a bachelor's degree or higher (10.9% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 82.8% |
| Bachelor's Degree or Higher | 28.3% |
| Graduate or Professional Degree | 10.9% |
The median home value in Lowell is $362,800, above the national median of $281,900. The median monthly rent is $1,466. The homeownership rate is 43.3%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $362,800 |
| Median Monthly Rent | $1,466 |
| Homeownership Rate | 43.3% |
| Vacancy Rate | 3.7% |
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