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)
How Lawrence County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Lawrence County ranks #807 of 3,144 counties for affordability (top 26%)
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.
Cost of Living Advisory: Lawrence County
Affordability Verdict
Housing in Lawrence County is affordable. The median rent is $800/month against a median household income of $65,551, putting rent at 14.6% of income.
Rent vs. Own
The median rent in Lawrence County is $800/month, while owner costs run $865/month. Renting saves approximately $65/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $32,000/year. For owner costs at the 28% rule, the required income is roughly $37,071/year. With a median household income of $65,551, most households can comfortably afford rent here. Notably, 27.0% of renter households in Lawrence County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Ohio County where rent averages $852/month, Lawrence County is approximately 6% less expensive.
Affordability Calculator
See how your income compares to housing costs in Lawrence County
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
Income Needed Calculator
See how much you need to earn to comfortably afford housing
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
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
What is the cost of living in Lawrence County, Indiana?
What is the median rent in Lawrence County?
Is Lawrence County affordable?
How does Lawrence County's rent compare to the state average?
What is the median home value in Lawrence County?
Counties with Similar Housing Costs
Planning a Move?
Researching the cost of living in Lawrence County, Indiana? Compare moving quotes from top providers and save on your relocation.
Compare Moving QuotesCompare Mortgage Rates in Lawrence County
Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.
See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
CostByCounty participates in affiliate programs. We may earn a commission when you use our links, at no extra cost to you.