Lawrence, IN Cost Of Living

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Updated: 2020-03-08
Lawrence's Overall Cost Of Living
Lower Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Lawrence is expensive, while a number below 100 means it's a relatively cheap place to live.

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 90 which is 0.9x lower than the national index of 100.

Compared to only Indiana, Lawrence has a cost of living index that's 1.0x higher than Indiana's index of 89.

The standard of living in Lawrence ranks as #1706 most affordable out of the 6522 places we measured in Indiana. By definition, that implies Lawrence ranks as the #4700 most expensive place in the Hoosier State.

For more reading on life in Lawrence, check out:

Lawrence Cost Of Living Vs. Indiana

Living Expense Lawrence Indiana National Average
Overall 90 89 100
Services 97 97 100
Groceries 93 92 100
Health 90 94 100
Housing 74 72 100
Transportation 99 100 100
Utilities 105 99 100
For more reading on cost of living around Indiana, check out:
Lawrence Cost of Living Vs. IN

Lawrence, IN Housing Cost Breakdown

Housing swings affordability the most between places in Indiana, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Lawrence Indiana United States
Median Home Value $141,300 $135,400 $204,900
Median Rent $874 $807 $1,023
Median Income $52,048 $54,325 $60,293
Home Value To Income 2.7x 2.5x 3.4x
Rent To Monthly Income 0.2x 0.18x 0.2x

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Cost Of Living In Cities Around Lawrence

City Population Cost Of Living Vs. Lawrence
Indianapolis, IN 857,637 90 1.0x
Carmel, IN 90,163 114 1.3x
Fishers, IN 88,717 105 1.2x
Noblesville, IN 61,558 98 1.1x
Greenwood, IN 56,791 92 1.0x
Westfield, IN 37,769 105 1.2x
Zionsville, IN 26,209 119 1.3x
Greenfield, IN 21,871 91 1.0x
Beech Grove, IN 14,912 86 1.0x
McCordsville, IN 6,523 102 1.1x

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