Cost of Living: Indianapolis city (balance), IN vs Lawrence, IN
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,332/mo in Indianapolis city (balance), IN versus $4,332/mo in Lawrence, IN. In the model, rent is about 16.2% of gross in Indianapolis city (balance), IN versus 15.79% in Lawrence, IN, so Lawrence, IN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Indianapolis city (balance), IN and Lawrence, IN.
At a glance
- Cheaper overall (lower cost-of-living index): Lawrence, IN
- Lower rent (median 1BR/2BR): Lawrence, IN
- Lower home prices: Indianapolis city (balance), IN
- Higher median household income: Lawrence, IN
Cost of Living Index
Indianapolis city (balance), IN: 100 (U.S. = 100) · Lawrence, IN: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Indianapolis city (balance), IN: $1,057/mo (midpoint of 1BR/2BR) · Lawrence, IN: $1,030/mo
Median rent in Indianapolis city (balance), IN is $27/mo higher than in Lawrence, IN.
Median Home Price
Indianapolis city (balance), IN: $207,000 · Lawrence, IN: $220,400
Median home price in Lawrence, IN is $13,400 higher than in Indianapolis city (balance), IN.
Median Household Income
Indianapolis city (balance), IN: $62,995 · Lawrence, IN: $73,455
Lawrence, IN has a higher median household income than Indianapolis city (balance), IN by $10,460.
Indianapolis city (balance), IN overview · Lawrence, IN overview · Popular comparisons