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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.
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 Arena, LeLacheur Park, Lowell National
Historical Park, Museums, the Lowell Folk Festival, Winterfest, and
other special events.
Additional information on the City of Lowell is available at The Massachusetts Department of Housing and Community Development.
| The Basics | ||
|---|---|---|
| Incorporated | April 1, 1836 | |
| Form of Government | Council - Manager | |
| Total Area | 14.54 Square Miles | |
| County | Middlesex | |
| Population | ||
| City of Lowell | 105,167 | |
| Population Density | 7,233 per square mile | |
| Greater Lowell (within a 7 mile radius from Downtown Lowell) | 258,361 | |
| Sources: 2000 U.S. Census & 2005 Claritas Estimates | ||
| Income (Greater Lowell) | ||
| Average Household Income (7 mi radius) | $76,092 | |
| Median Family Income | $61,854 | |
| Source: Claritas, 2005 | ||
| Education | ||
| University of MA Lowell | 9,000 day and evening students | |
| Middlesex Community College | 3,400 day and evening students | |
| Lowell High School | 3,875 students | |
| Greater Lowell Vocational High School | 1,950 day and evening students | |
| Education Attainment (Greater Lowell) | ||
| Bachelor's Degree or Higher | 25% | |
| Some College | 27% | |
| High School | 83% | |
| Source: Claritas, 2005 | ||
| Labor Force | ||
| Lowell - City | 54,235 | |
| Lowell - PMSA | 157,700 | |
| Middlesex County | 831,481 | |
| Source: MA Department of Employment & Training | ||
| Labor Force Distribution | ||
| Manufacturing | 18% | |
| Construction | 7% | |
| Transportation & Public Utilities | 3% | |
| Wholesale / Retail Trade | 16% | |
| Finance, Insurance & Real Estate | 8% | |
| Professional and Business Services | 12% | |
| Education, Health, Social Services | 21% | |
| Public Administration | 3% | |
| Source: MA Department of Employment & Training, 2004 | ||
| Average Payroll per Employee | ||
| Average payroll per employee (2004) | $41,864 | |
| Source: MA Department of Employment & Training, 2004 | ||
| Housing Prices | ||
| Median Price - 3 bdrm/1 bath | $269,000 | |
| Median Price - Citywide Condominiums | $179,000 | |
| Median Price - Downtown Condominiums | $197,000 | |
| Source: Banker & Tradesman, 2004 | ||
| Housing Units | ||
| City of Lowell | Middlesex County | |
| Total Units | 39,468 | 576,681 |
| Owner Occupied | 43% | 66% |
| Renter Occupied | 57% | 34% |
| Source: 2000 U.S. Census | ||