Cost of Living in Lawrence County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Lawrence County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Lawrence County ranks #1,550 of 3,142 counties for affordability (top 49%)
Sourced county brief
Renter Median Income in Lawrence County is $30,053
In Lawrence County, the median income for renter households was estimated at $30,053. The official median gross rent as a percentage of household income (GRAPI) is 28.7%, which is 1.8 percentage points higher than the Indiana unweighted county mean of 26.9%. The median gross rent in the county is $845 per month, below the state unweighted county mean of $911. Among owner-occupied properties, the median home value was recorded at $175,000, while the state unweighted county mean is $191,899. Median selected monthly owner costs for all owner-occupied units were estimated at $874, compared to the Indiana unweighted county mean of $951. All estimates are derived from the 2020-2024 ACS 5-Year data. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Lawrence County
Affordability Verdict
ACS B25071 estimates median gross rent at 28.7% of renter household income in Lawrence County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $845 per month; median selected monthly owner costs are $874. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $33,800 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Indiana unweighted mean of county median rents is $911 per month. Lawrence County's $845 median is 7.2% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Lawrence County
Rent Burden
15.3%
of gross income
Max Housing (28% Rule)
$1,551
per month
Owner Cost Burden
15.8%
of gross income
You can likely afford the median home in Lawrence County
Median home value is $175,000. Estimated monthly cost: $1,397 vs. your max of $1,551.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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