salaryRent is higher than in 75% of U.S. cities. Household incomes are higher than in 95% of U.S. cities. A typical house costs about 8.9 years of household income, so buying is hard for most locals. Commutes are long, about 38.8 minutes each way. Most homes (81.3%) are owned, so rentals can be hard to find. It is a highly educated city: 77.2% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $85,760 a year. That is $41 an hour at a full-time job.
Is rent cheaper than other New York cities?
Yes. Rent here is cheaper than in most of New York. It is number 169 of 343 cities from cheapest to most expensive.
How much do households earn in Lawrence?
Share of households by yearly income. 61.8% of households earn $100,000 or more.
Rent by apartment size in Lawrence
| Size | Lawrence | U.S. average |
|---|---|---|
| 1 bedroom | $2,376 | $1,324 |
| 2 bedrooms | $1,917 | $1,509 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lawrence overall?
Everyday prices in New York overall are 8% above the U.S. average (index 107.9, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Lawrence, so the New York figure is shown.
Taxes and bills in Lawrence
Life in Lawrence
Is it cheaper to rent or buy in Lawrence?
Renting is cheaper right now: about $9,119 a month less.
Owning assumes a typical $1,623,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $162,320 for the down payment.
Frequently asked questions
What is the average rent in Lawrence, NY?
Renting in Lawrence costs a median of about $2,144 a month in 2026, including utilities. The New York median is $2,177.
How much do I need to make to live in Lawrence?
To keep rent under 30% of income, you need about $85,760 a year, or $41 an hour at a full-time job.
Is Lawrence cheap or expensive?
Lawrence is rated Cheap: rent takes 14.0% of the typical household income of $183,345. It ranks 169th cheapest of 343 New York cities we track.
How much are property taxes in Lawrence?
The median homeowner in Lawrence pays $10,000+ a year in property taxes, about 0.62% of the median home value.
Is Lawrence more expensive than the national average?
Overall prices in New York are 8% above 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 $1,623,200, about 8.9 times the typical yearly household income.
6,778 people live in Lawrence. Numbers are typical (middle) values.