Lawrence, KS Cost Of Living
Cost Of Living In Lawrence, KS 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 Kansas, 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 90, with 100 being the average.
The cost of living index in Lawrence is 0.9x lower than the national average.
Lawrence ranks as the #33 cheapest in Kansas out of 63.
Lawrence ranks as the #1,633 cheapest out of 6,412 in the US.
The median home value in Lawrence is $216,700.
The median income in Lawrence is $56,536.
Table Of Contents
Lawrence's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Lawrence, KS?
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 Kansas, Lawrence has a cost of living index that's 1.0x higher than Kansas's index of 87.
The standard of living in Lawrence ranks as #33 most affordable out of the 63 places we measured in Kansas. By definition, that implies Lawrence ranks as the #30 most expensive place in the Sunflower State.
For more reading on life in Lawrence, check out:
- Living In Lawrence
- Search Homes For Sale In Lawrence, KS
In Kansas
In America
Lawrence Cost Of Living Vs. Kansas
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 87.
The Groceries index in Lawrence is 92.
The Health index in Lawrence is 99.
The Housing index in Lawrence is 93.
The Transportation index in Lawrence is 96.
The Utilities index in Lawrence is 97.
| Living Expense | Lawrence | Kansas | National Average | |
|---|---|---|---|---|
| Overall | 90 | 87 | 100 | |
| Services | 87 | 90 | 100 | |
| Groceries | 92 | 95 | 100 | |
| Health | 99 | 98 | 100 | |
| Housing | 93 | 70 | 100 | |
| Transportation | 96 | 93 | 100 | |
| Utilities | 97 | 102 | 100 | |
Lawrence, KS Housing Cost Breakdown
Housing swings affordability the most between places in Kansas, 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 $216,700.
The Median Rent in Lawrence is $986.
The Median Income in Lawrence is $56,536.
The Home Value To Income in Lawrence is 3.8x.
The Rent To Monthly Income in Lawrence is 0.21x.
| Statistic | Lawrence | Kansas | United States |
|---|---|---|---|
| Median Home Value | $216,700 | $164,800 | $244,900 |
| Median Rent | $986 | $912 | $1,163 |
| Median Income | $56,536 | $64,521 | $69,021 |
| Home Value To Income | 3.8x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Lawrence, KS Costs By Category
Detailed Lawrence Services Costs Vs. Kansas
Detailed Lawrence Groceries Costs Vs. Kansas
Detailed Lawrence Health Costs Vs. Kansas
Detailed Lawrence Transportation Costs Vs. Kansas
Detailed Lawrence Utilities Costs Vs. Kansas
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:
Olathe, KS has a cost of living index of 101, 1.1x Lawrence.
Lee's Summit, MO has a cost of living index of 101, 1.1x Lawrence.
Lenexa, KS has a cost of living index of 105, 1.2x Lawrence.
| City | Population | Cost Of Living | Vs. Lawrence |
|---|---|---|---|
| Olathe, KS | 140,339 | 101 | 1.1x |
| Lee's Summit, MO | 100,772 | 101 | 1.1x |
| Lenexa, KS | 56,755 | 105 | 1.2x |
| Leawood, KS | 33,748 | 126 | 1.4x |
| Liberty, MO | 30,129 | 94 | 1.0x |
| Raymore, MO | 22,722 | 101 | 1.1x |
| Smithville, MO | 10,211 | 95 | 1.1x |
| Parkville, MO | 7,153 | 115 | 1.3x |
| Eudora, KS | 6,457 | 91 | 1.0x |
| De Soto, KS | 6,160 | 97 | 1.1x |
