Lawrence, IN, stands out with a cost of living index of 91, which is slightly below the nationwide average of 100. This modest difference suggests that residents may find certain living expenses, such as groceries and utilities, slightly more affordable than the national average.
The cost of living index for Lawrence reveals a balanced economic landscape. Housing, groceries, and utilities show indices of 92, 90, and 95, respectively. Transportation costs are also lower at 88, while healthcare remains close to the average at 97. This makes Lawrence a potentially attractive location for those seeking a lower cost of living.
The cost of living index in Lawrence, IN, paints a clear picture for those considering relocation or a new job in the area. Compared to the nationwide average, which is set at 100, Lawrence presents a slightly lower cost of living. Housing, for instance, stands at 92, showing that residents pay only 2% less than the national median. This modest reduction can make housing more affordable for newcomers.
In other areas, Lawrence maintains figures close to the national average. Groceries cost 90, meaning residents spend just 10% less on food compared to the national norm. Utilities, at 95, reflect a small premium but still remain quite reasonable. Transportation costs are at 88, suggesting that commuting expenses are 12% lower than the average across the country. Healthcare, often a major expense, costs 97 in Lawrence, indicating a slight increase of 3% over the national average. Miscellaneous expenses are at 85, showing that everyday items cost 15% less in Lawrence than in other parts of the country. Overall, Lawrence offers a cost of living that is slightly below the national average, making it an attractive option for budget-conscious individuals.
