Cost of living in Lawrenceburg 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 Lawrenceburg 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 Lawrenceburg is 92, with 100 being the average.
The cost of living index in Lawrenceburg is 0.9x lower than the national average.
Lawrenceburg ranks as the #83 cheapest in Indiana out of 124.
Lawrenceburg ranks as the #1,974 cheapest out of 6,412 in the US.
The median home value in Lawrenceburg is $132,400.
The median income in Lawrenceburg is $28,902.
According to the most recent data on the cost of living, Lawrenceburg has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to Indiana, Lawrenceburg has a cost of living index that's 1.0x higher than Indiana's index of 91.
The standard of living in Lawrenceburg ranks as #83 most affordable out of the 124 places we measured in Indiana. By definition, that implies Lawrenceburg ranks as the #41 most expensive place in the Hoosier State.
For more reading on life in Lawrenceburg, check out:
Six factors go into calculating the cost of living index in Lawrenceburg. Here is how it fairs on each of the criteria:
The Services index in Lawrenceburg is 98.
The Groceries index in Lawrenceburg is 95.
The Health index in Lawrenceburg is 100.
The Housing index in Lawrenceburg is 74.
The Transportation index in Lawrenceburg is 105.
The Utilities index in Lawrenceburg is 89.
|Living Expense||Lawrenceburg||Indiana||National Average|
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 Lawrenceburg is $132,400.
The Median Rent in Lawrenceburg is $722.
The Median Income in Lawrenceburg is $28,902.
The Home Value To Income in Lawrenceburg is 4.6x.
The Rent To Monthly Income in Lawrenceburg is 0.3x.
|Median Home Value||$132,400||$158,500||$244,900|
|Home Value To Income||4.6x||2.6x||3.5x|
|Rent To Monthly Income||0.3x||0.17x||0.2x|
The cost of living varies in the cities and towns around Lawrenceburg. Here's a quick look at the cost of living in the most populous nearby places:
White Oak, OH has a cost of living index of 89, 1.0x Lawrenceburg.
Bridgetown, OH has a cost of living index of 90, 1.0x Lawrenceburg.
Monfort Heights, OH has a cost of living index of 98, 1.1x Lawrenceburg.
|City||Population||Cost Of Living||Vs. Lawrenceburg|
|White Oak, OH||19,123||89||1.0x|
|Monfort Heights, OH||13,221||98||1.1x|