salaryRent is higher than in 59% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.
How much money do I need?
To rent here comfortably, you should earn about $73,000 a year. That is $35 an hour at a full-time job.
Is rent cheaper than other Indiana cities?
No. Rent here is more expensive than in most of Indiana. It is number 118 of 132 cities from cheapest to most expensive.
How much do households earn in Lawrence?
Share of households by yearly income. 24.3% of households earn $100,000 or more.
Rent by apartment size in Lawrence
| Size | Lawrence | U.S. average |
|---|---|---|
| Studio | $1,000 | $1,338 |
| 1 bedroom | $1,093 | $1,324 |
| 2 bedrooms | $1,213 | $1,509 |
| 3 bedrooms | $1,798 | $1,698 |
| 4 bedrooms | $1,912 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lawrence overall?
Everyday prices in Indiana overall are 7% below the U.S. average (index 93.3, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Lawrence, so the Indiana figure is shown.
Taxes and bills in Lawrence
Life in Lawrence
Is it cheaper to rent or buy in Lawrence?
Buying is cheaper month to month: about $228 a month less than renting.
Owning assumes a typical $230,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $23,010 for the down payment.
Frequently asked questions
What is the average rent in Lawrence, IN?
Renting in Lawrence costs a median of about $1,825 a month in 2026, including utilities. The Indiana median is $1,219.
How much do I need to make to live in Lawrence?
To keep rent under 30% of income, you need about $73,000 a year, or $35 an hour at a full-time job.
Is Lawrence cheap or expensive?
Lawrence is rated OK: rent takes 27.4% of the typical household income of $79,833. It ranks 118th cheapest of 132 Indiana cities we track.
How much are property taxes in Lawrence?
The median homeowner in Lawrence pays $1,942 a year in property taxes, about 0.84% of the median home value.
Is Lawrence more expensive than the national average?
Overall prices in Indiana are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Lawrence?
The median home value in Lawrence is $230,100, about 2.9 times the typical yearly household income.
49,517 people live in Lawrence. Numbers are typical (middle) values.