Cost of Living in Lawrence, IN
Population: 49,284 • 2026 Data
$73,455
Median Household Income
-5% vs national
$1,084
Median Monthly Rent
-20% vs national
$220,400
Median Home Value
-35% vs national
4.2%
Unemployment Rate
Housing in Lawrence
The median home value in Lawrence, IN is $220,400. Monthly rent for a typical unit averages $1,084, while total monthly housing costs (including utilities and insurance) average $1,153.
Rent-to-income ratio: 17.7%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Lawrence, IN is $73,455. The unemployment rate stands at 4.2%, with a labor force of 27,747 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.