Cost of Living in Lawrence, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
109.6
100 = national avg
+9.6 vs national average
Living Wage (1 Adult)
$48,234
per year
Living Wage (Family of 4)
$114,007
per year
Cost Index by Category
Housing114.9
Food106.1
Transportation103.3
Healthcare104.9
Utilities106.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,267
per month
2 Bedroom
$1,473
per month
The overall cost of living index in Lawrence is 109.6, which is 9.6% above the national average. Housing costs are above the national average at an index of 114.9. A single adult needs to earn approximately $48,234 per year to cover basic expenses.