The cost of living index in Lawrence, IN, shows a generally lower cost compared to the nationwide average, which is set at 100. Housing costs in Lawrence are at 85, indicating a 15% reduction from the national average. Other categories like groceries, utilities, and healthcare also show slight decreases, with the highest being utilities at 95, which is 5% below the national average. This suggests that living in Lawrence may offer some financial savings for residents.
The cost of living in Lawrence, Indiana, presents a favorable comparison to the nationwide average. The housing index in Lawrence stands at 85, which is 15% lower than the average of 100. This suggests that housing costs in Lawrence are more affordable, making it an attractive option for those looking to save on their living expenses.
Additionally, the groceries index in Lawrence is 92, which is 2% higher than the national average. This indicates that while groceries are slightly more expensive, the difference is minimal. Utilities in Lawrence are priced at 95, which is 5% above the average, but still relatively close. Transportation costs are at 88, showing an 12% decrease from the national average, making commuting more budget-friendly. Healthcare costs in Lawrence are at 90, which is on par with the average, offering no significant advantage or disadvantage. Lastly, the miscellaneous index is 87, which is 13% lower than the average, providing some savings in other daily expenses. Overall, Lawrence offers a cost of living that is generally lower than the national average, with only a few minor exceptions.
