Living in Lawrence, Indiana
Cost of living, income, home prices, rent and demographics of Lawrence · Census data 2020–2024
Lawrence has 49,517 residents with a median age of 34.3. The median household income is $74,022 (about the same as the Indiana median), the median home value is $230,100, the median rent is $1,178/month.
Lawrence at a glance
- Population
- 49,517
- Median age
- 34.3State: 38.1
- Median household income
- $74,022State: $71,957
- Median home value
- $230,100State: $218,200
- Median rent
- $1,178/moState: $1,062
- Homeowners
- 66.1%
- Bachelor's degree or higher
- 35.6%
- Average commute
- 25 min
Is Lawrence a good place to live?
Pros: Median household income about the same as the Indiana median; a poverty rate of 8.7%.
Cons: Home values 5% higher than the state median; an average commute of 25 minutes; unemployment of 4.5%.
The weather is best in May–June and August–September.
Cost of living in Lawrence
Housing is the biggest part of the cost of living. In Lawrence the median home value is $230,100, 31% lower than the U.S. median. Renters pay a median of $1,178 per month, which is 32% of household income. Homeowners with a mortgage pay $1,455 a month in housing costs.
Lawrence median household income
The median household income in Lawrence is $74,022 and the income per person is $36,079. 8.7% of residents live below the poverty line (Indiana: 12.3%).
Housing in Lawrence: homes for sale and rent
- Housing units
- 20,422
- Owner-occupied
- 66.1%
- Renter-occupied
- 33.9%
- Vacant
- 4.1%Includes seasonal homes
- Median year built
- 1992
- Average household size
- 2.51
Lawrence demographics
- Population
- 49,517
- Median age
- 34.3
- Under 18
- 26.6%
- 65 and older
- 12.4%
- Households
- 19,579
- Foreign-born
- 11.6%
- Veterans
- 5.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Lawrence ›
Education in Lawrence
35.6% of adults 25 and older in Lawrence have a bachelor's degree or higher (Indiana: 29.5%), and 12% have a graduate or professional degree.
Jobs and commute in Lawrence
- Unemployment rate
- 4.5%State: 4.3%
- Average commute
- 25 minState: 24 min
- Work from home
- 14.6%
- Drive alone
- 72.2%
- Public transit
- 0%
- Walk to work
- 0.7%
- Homes with broadband
- 92.2%
Lawrence vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lawrence | 49,517 | $74,022 | $230,100 | $1,178 |
| McCordsville | 10,329 | $110,692 | $345,400 | $1,283 |
| Cumberland | 6,267 | $87,364 | $239,200 | $1,157 |
| Warren Park | 1,599 | $42,906 | $185,800 | $952 |
| Fishers | 102,337 | $130,203 | $391,000 | $1,611 |
| Fortville | 4,976 | $84,000 | $254,900 | $1,167 |
| Williams Creek | 417 | $250,001 | $1,201,400 | — |
| Meridian Hills | 1,767 | $211,528 | $661,700 | — |
| Spring Lake | 224 | $50,938 | $169,400 | — |
More for people moving to Lawrence
Lawrence ZIP code ›Weather and climate ›Living in Lawrence: FAQ
What is the median household income in Lawrence, IN?
The median household income in Lawrence is $74,022, about the same as the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lawrence?
The median home value in Lawrence is $230,100, compared with $218,200 in Indiana.
How much is rent in Lawrence?
The median gross rent in Lawrence is $1,178 per month, about 32% of household income.
Is Lawrence, IN a good place to live?
Pluses: median household income about the same as the Indiana median; a poverty rate of 8.7%. Minuses: home values 5% higher than the state median; an average commute of 25 minutes; unemployment of 4.5%.
What is the median age in Lawrence?
The median age in Lawrence is 34.3 years (Indiana: 38.1).
How long is the commute in Lawrence?
The average commute to work in Lawrence is 25 minutes; 14.6% of workers work from home.
What is the unemployment rate in Lawrence?
The unemployment rate in Lawrence is 4.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lawrence?
35.6% of adults in Lawrence have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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