Lawrence, NY Cost Of Living
Cost Of Living In Lawrence, NY 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 New York, 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 201, with 100 being the average.
The cost of living index in Lawrence is 2.0x higher than the national average.
Lawrence ranks as the #331 cheapest in New York out of 340.
Lawrence ranks as the #6,313 cheapest out of 6,412 in the US.
The median home value in Lawrence is $1,125,000.
The median income in Lawrence is $153,668.
Table Of Contents
Lawrence's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lawrence, NY?
According to the most recent data on the cost of living, Lawrence has an overall cost of living index of 201, which is 2.0x higher than the national index of 100.
Compared to New York, Lawrence has a cost of living index that's 1.6x higher than New York's index of 126.
The standard of living in Lawrence ranks as #331 most affordable out of the 340 places we measured in New York. By definition, that implies Lawrence ranks as the #9 most expensive place in the Empire State.
For more reading on life in Lawrence, check out:
- Living In Lawrence
- Search Homes For Sale In Lawrence, NY
In New York
In America
Lawrence Cost Of Living Vs. New York
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 132.
The Groceries index in Lawrence is 149.
The Health index in Lawrence is 108.
The Housing index in Lawrence is 375.
The Transportation index in Lawrence is 130.
The Utilities index in Lawrence is 96.
| Living Expense | Lawrence | New York | National Average | |
|---|---|---|---|---|
| Overall | 201 | 126 | 100 | |
| Services | 132 | 110 | 100 | |
| Groceries | 149 | 104 | 100 | |
| Health | 108 | 105 | 100 | |
| Housing | 375 | 175 | 100 | |
| Transportation | 130 | 107 | 100 | |
| Utilities | 96 | 102 | 100 | |
Lawrence, NY Housing Cost Breakdown
Housing swings affordability the most between places in New York, 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 $1,125,000.
The Median Rent in Lawrence is $1,864.
The Median Income in Lawrence is $153,668.
The Home Value To Income in Lawrence is 7.3x.
The Rent To Monthly Income in Lawrence is 0.15x.
| Statistic | Lawrence | New York | United States |
|---|---|---|---|
| Median Home Value | $1,125,000 | $340,600 | $244,900 |
| Median Rent | $1,864 | $1,390 | $1,163 |
| Median Income | $153,668 | $75,157 | $69,021 |
| Home Value To Income | 7.3x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Lawrence, NY Costs By Category
Detailed Lawrence Services Costs Vs. New York
Detailed Lawrence Groceries Costs Vs. New York
Detailed Lawrence Health Costs Vs. New York
Detailed Lawrence Transportation Costs Vs. New York
Detailed Lawrence Utilities Costs Vs. New York
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:
Levittown, NY has a cost of living index of 140, 0.7x Lawrence.
Plainview, NY has a cost of living index of 155, 0.8x Lawrence.
Massapequa, NY has a cost of living index of 163, 0.8x Lawrence.
| City | Population | Cost Of Living | Vs. Lawrence |
|---|---|---|---|
| Levittown, NY | 52,540 | 140 | 0.7x |
| Plainview, NY | 26,665 | 155 | 0.8x |
| Massapequa, NY | 22,249 | 163 | 0.8x |
| Merrick, NY | 20,990 | 172 | 0.9x |
| Syosset, NY | 19,347 | 177 | 0.9x |
| Woodmere, NY | 17,267 | 176 | 0.9x |
| Massapequa Park, NY | 17,149 | 157 | 0.8x |
| North New Hyde Park, NY | 15,125 | 170 | 0.8x |
| Inwood, NY | 10,533 | 143 | 0.7x |
| Plainedge, NY | 9,428 | 147 | 0.7x |
