Cost of Living in Lawrence County, Indiana

$800/mo

Median Monthly Rent

$164,500

Median Home Value

9% below state averageUnaffordable

At a Glance

Median Monthly Rent

$800/mo

9% below state average

Median Home Value

$164,500

42% below national

Rent-to-Income Ratio

27.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Lawrence County Compares

Median monthly rent comparison

Lawrence County$800/mo

Indiana Average$883/mo

National Median$1,163/mo

Detailed Housing Stats

$800/mo

Median Gross Rent

$164,500

Median Home Value

$865/mo

Monthly Owner Cost

27.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Lawrence County, Indiana

Lawrence County offers strong rental values

Renters spend just 14.7% of income on housing, well below typical national benchmarks, despite a median household income of $65,551 below the national average of $74,755. Median rents of $800 are notably low and accessible.

Below-average costs across Indiana

Lawrence County's 14.7% rent-to-income ratio is the lowest in this analysis and well below Indiana's 15.6% state average. Its $800 median rent is $83 below the state average, positioning it among Indiana's most affordable counties.

Competitive affordability in rural Indiana

Lawrence County's $800 rent and 14.7% affordability ratio rival Knox County ($782 rent, 15.9% ratio), making both standout options for budget-conscious movers. Lawrence offers lower rent-to-income stress despite marginally higher monthly costs.

Minimal housing burden despite lower income

Renters dedicate only 14.7% of income to housing, while homeowners spend roughly 15.8% on mortgages for a median home value of $164,500. This efficiency leaves Lawrence County residents financial room despite below-average incomes.

Lawrence County rewards cost-conscious residents

Lawrence County delivers excellent affordability with 14.7% rent-to-income ratios and low rents of $800, ideal if you prioritize financial flexibility. It's comparable to Knox County; choose based on local job availability and lifestyle preferences.

Affordability Calculator

See how your income compares to housing costs in Lawrence County

Your Annual Household Income

Rent Burden

14.6%

of gross income

Max Housing (28% Rule)

$1,530

per month

Owner Cost Burden

15.8%

of gross income

You can likely afford the median home in Lawrence County

Median home value is $164,500. Estimated monthly cost: $1,313 vs. your max of $1,530.

Rent Affordability Guide

Your rent-to-income ratio14.6%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Lawrence County, Indiana?

Lawrence County, Indiana has a median monthly rent of $800/mo and a median home value of $164,500. The affordability rating is Unaffordable, with rent making up approximately 27.0% of median household income.

What is the median rent in Lawrence County?

The median gross rent in Lawrence County is $800/mo. This is 9% below state average for Indiana.

Is Lawrence County affordable?

Lawrence County is rated Unaffordable based on rent-to-income ratio of 27.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Lawrence County's rent compare to the state average?

Lawrence County's median rent of $800/mo is 9% below state average of $883/mo for Indiana.

What is the median home value in Lawrence County?

The median home value in Lawrence County, Indiana is $164,500. This is 42% below the national median home value of $281,900.