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 95, which is 0.9x lower than the national index of 100.
Compared to Indiana, Lawrence has a cost of living index that's 1.1x higher than Indiana's index of 90.
The standard of living in Lawrence ranks as #93 most affordable out of the 129 places we measured in Indiana. By definition, that implies Lawrence ranks as the #36 most expensive place in the Hoosier State.
For more reading on life in Lawrence, check out:
Lawrence Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Lawrence. Here is how it fares on each of the criteria:
The Services index in Lawrence is 101.
The Groceries index in Lawrence is 95.
The Health index in Lawrence is 94.
The Housing index in Lawrence is 100.
The Transportation index in Lawrence is 95.
The Utilities index in Lawrence is 96.
| Living Expense | Lawrence | Indiana | National Average |
|---|---|---|---|
| Overall | 95 | 90 | 100 |
| Services | 101 | 97 | 100 |
| Groceries | 95 | 95 | 100 |
| Health | 94 | 72 | 100 |
| Housing | 100 | 98 | 100 |
| Transportation | 95 | 94 | 100 |
| Utilities | 96 | 96 | 100 |
Lawrence Cost Of Living Compared To Indiana Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Indiana, check out:
Protect your home budget Compare home warranties in Lawrence Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in Lawrence is $268,724.
The Median Rent in Lawrence is $1,178.
The Median Income in Lawrence is $74,022.
The Home Value To Income in Lawrence is 3.6x.
The Rent To Monthly Income in Lawrence is 0.19x.
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
Lawrence SnackAbility
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 94, 1.0x Lawrence.
Carmel, IN has a cost of living index of 117, 1.2x Lawrence.
Noblesville, IN has a cost of living index of 103, 1.1x Lawrence.
| City | Population | Cost Of Living | Vs. Lawrence |
|---|---|---|---|
| Indianapolis, IN | 885,860 | 94 | 1.0x |
| Carmel, IN | 101,651 | 117 | 1.2x |
| Noblesville, IN | 73,362 | 103 | 1.1x |
| Greenwood, IN | 66,029 | 96 | 1.0x |
| Westfield, IN | 54,677 | 112 | 1.2x |
| Zionsville, IN | 32,095 | 122 | 1.3x |
| Greenfield, IN | 24,940 | 93 | 1.0x |
| Beech Grove, IN | 14,913 | 86 | 0.9x |
| McCordsville, IN | 10,329 | 102 | 1.1x |
| Cumberland, IN | 6,267 | 97 | 1.0x |
