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Market Profile

Lowell, Massachusetts... Once the birthplace of the American Industrial Revolution... Now a city reborn and the center of a major market area. 

​The Basics ​
​Incorporated ​April 1, 1836
​Form of Government ​Council - Manager
​Total Area ​14.54 Square Miles
​County ​Middlesex
Population ​ ​
​City of Lowell ​106,519 ​(1)
​Population Density ​7,325 / square mile
     ​1 Mile radius from Downtown Lowell 41,072 ​(2)
     ​5 Mile radius from Downtown Lowell ​194,178 ​(2)
     ​10 Mile radius from Downtown Lowell ​526,461 ​(2)
​Tourism ​ ​
​​The Greater Merrimack Valley Convention and Visitors Bureau reports over 2,000,000 visitors per year in the City of Lowell, incorporated totals from the Tsongas Center, LeLacheur Park, Lowell National Historical Park, Museums, the Lowell Folk Festival, Winterfest, and other special events.
​Income (Greater Lowell) ​ ​
​Average Family Income $109,830​ ​(3)
​Average Household Income ​$  99,037 ​(3)
​Average Per Capita Income ​$  35,616 ​(3)
Education - Enrollments ​ ​
​University of Massachusetts, Lowell ​16,969 (4)​
​Middlesex Community College  ​9,702 (4)​​
​Lowell High School ​ 3,025 (4)​​
​Greater Lowell Vocational High School  2,070​ (4)​​
Educational Attainment (Greater Lowell) ​ ​
​Bachelor's Degree or Higher 38%​ (5)​
​High School graduate or higher ​92% ​(5)
​Labor Force ​ ​
Lowell - City   52,575​ (6)​
​Lowell-Billerica-Chelmsford MA-NH NECTA Division ​155,492 ​(6)
​Middlesex County ​822,322 ​(6)
Labor Force Distribution ​ ​
​Agricultural, Forestry, Fishing + Hunting .08%​ ​(7)
​Manufacturing 14.7% ​(7)​
Construction ​5.3% ​(7)​
​Transportation & Public Utilities ​4.7% ​(7)​
​Wholesale / Retail Trade ​12.9% ​(7)​
​Finance, Insurance & Real Estate ​3.0% ​(7)​
​Professional and Technical Services ​14.9% ​(7)​
Education, Health, Social Services ​22.1% ​(7)​
​Management of Companies + Enterprises ​1.9% ​​(7)
​Arts, Entertainment, Acom. + Food Services ​8.8% ​(7)​
​Public Administration ​3.4% ​​(7)
​​Other services ​8.2% ​(7)​
Average Payroll per Employee ​ ​
​Average payroll per employee, City of Lowell ​$47,904 ​(7)​​
​Average payroll per employee, Lowell-Billerica-Chelmsford MA-NH NECTA Division ​$56,544 ​​(7)​
​Housing, Median Selling Price, Single-Family ​ ​
​Massachusetts $302,500​ (8)​
​City of Lowell ​$195,000 ​(9)
​​Housing, Median Selling Price, Condominium ​ ​
​​Massachusetts ​$268,000 ​(8)
​​City of Lowell ​$131,000 ​(9)
  

Notes / Sources Cited

​(1) ​2010 Census
​(2) Co-Star Property, 2014
​(3) 2010 Census, American Community Survey, 3-year estimates
(4)​​ 2013 City of Lowell, DPD Survey
(5)​ ​2009 Census, American Community Survey
(6)​ 2012 Massachusetts Executive. Office of Labor & Workforce Development
​(7)​ ​​2010 Massachusetts Executive. Office of Labor & Workforce Development
​(8) 2010 Massachusetts Association of Realtors​
​(9) ​2011 City of Lowell