Lawrence, IN Cost Of Living
Cost Of Living In Lawrence, IN Summary
Cost of living in Lawrence research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Lawrence is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Indiana, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Lawrence is 87, with 100 being the average.
The cost of living index in Lawrence is 0.9x lower than the national average.
Lawrence ranks as the #55 cheapest in Indiana out of 124.
Lawrence ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in Lawrence is $164,200.
The median income in Lawrence is $64,392.
Table Of Contents
Lawrence's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Lawrence, IN?
According to the most recent data on the cost of living, Lawrence has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Indiana, Lawrence has a cost of living index that's 1.0x lower than Indiana's index of 91.
The standard of living in Lawrence ranks as #55 most affordable out of the 124 places we measured in Indiana. By definition, that implies Lawrence ranks as the #69 most expensive place in the Hoosier State.
For more reading on life in Lawrence, check out:
- Living In Lawrence
- Lawrence Crime Report
- Search Homes For Sale In Lawrence, IN
In Indiana
In America
Lawrence Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Lawrence. Here is how it fairs on each of the criteria:
The Services index in Lawrence is 95.
The Groceries index in Lawrence is 95.
The Health index in Lawrence is 87.
The Housing index in Lawrence is 75.
The Transportation index in Lawrence is 93.
The Utilities index in Lawrence is 101.
| Living Expense | Lawrence | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 87 | 91 | 100 | |
| Services | 95 | 94 | 100 | |
| Groceries | 95 | 96 | 100 | |
| Health | 87 | 101 | 100 | |
| Housing | 75 | 77 | 100 | |
| Transportation | 93 | 95 | 100 | |
| Utilities | 101 | 106 | 100 | |
Lawrence, IN Housing Cost Breakdown
Housing swings affordability the most between places in Indiana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Lawrence is $164,200.
The Median Rent in Lawrence is $959.
The Median Income in Lawrence is $64,392.
The Home Value To Income in Lawrence is 2.6x.
The Rent To Monthly Income in Lawrence is 0.18x.
| Statistic | Lawrence | Indiana | United States |
|---|---|---|---|
| Median Home Value | $164,200 | $158,500 | $244,900 |
| Median Rent | $959 | $891 | $1,163 |
| Median Income | $64,392 | $61,944 | $69,021 |
| Home Value To Income | 2.6x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Lawrence, IN Costs By Category
Detailed Lawrence Services Costs Vs. Indiana
Detailed Lawrence Groceries Costs Vs. Indiana
Detailed Lawrence Health Costs Vs. Indiana
Detailed Lawrence Transportation Costs Vs. Indiana
Detailed Lawrence Utilities Costs Vs. Indiana
Lawrence SnackAbility
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Cost Of Living In Cities Around Lawrence
The cost of living varies in the cities and towns around Lawrence. Here's a quick look at the cost of living in the most populous nearby places:
Indianapolis, IN has a cost of living index of 88, 1.0x Lawrence.
Carmel, IN has a cost of living index of 114, 1.3x Lawrence.
Noblesville, IN has a cost of living index of 98, 1.1x Lawrence.
| City | Population | Cost Of Living | Vs. Lawrence |
|---|---|---|---|
| Indianapolis, IN | 880,104 | 88 | 1.0x |
| Carmel, IN | 98,137 | 114 | 1.3x |
| Noblesville, IN | 68,885 | 98 | 1.1x |
| Greenwood, IN | 62,914 | 92 | 1.1x |
| Westfield, IN | 45,695 | 103 | 1.2x |
| Zionsville, IN | 30,258 | 118 | 1.4x |
| Greenfield, IN | 23,024 | 88 | 1.0x |
| Beech Grove, IN | 15,202 | 86 | 1.0x |
| McCordsville, IN | 8,629 | 101 | 1.2x |
| Cumberland, IN | 5,860 | 93 | 1.1x |
