R.J.
It's low. But not abnormally low. I run at 97.4 most of the time, and range from 97.1-97.7
((I'm guessing you're used to celsius))
LOW Grade Fever = 99-102 ((teething, colds, etc.))
MID Grade Fever = 102 - 103
HIGH Grade Fever = 103-105
Kids tend to run hotter than adults with their fevers (new systems that haven't worked out the kinks). Pretty much anything under 104 you can treat at home with tylenol (paracetamol), &/or ibuprofen, and it should bring it down to 102 or lower.
There's a saying most Peds give their new parents, though:
104 and out the door! (meaning go to the ER immediately if their fever gets up to 104)