Quick facts: Lawrence, KS

Quick Facts

102.5
Cost of Living
above US average
95,794
Population
26.58
Crime Rate per 1000
above US average
$59,834
Median Income
below US average
$450,000
Median House Price
above US average
$1521.53
Average Rent
above US average
12%
Poverty Rate
above US average
3.9%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $59,834.

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Income Needed to Buy

βœ— Stretch
$141k/year
Based on $450,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $141k vs median $59,834
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Income Needed to Rent

⚠ Stretch
$65k/year
Based on $1521.53/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $65k vs median $59,834
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lawrence, KS

Lawrence, Kansas, is a vibrant college town, known primarily for being home to the University of Kansas (KU), which significantly influences the city's culture and economy. Located about 30 miles east of Topeka, it boasts a blend of historic charm and modern living. The city, founded in 1854, features a rich history connected to the abolitionist movement. Lawrence is renowned for its lively arts scene, with numerous galleries, theaters, and music venues, making it a cultural hub in the region. The downtown area offers a variety of boutiques, restaurants, and cafes that cater to diverse tastes. The city's annual events, such as the Lawrence Busker Festival and the Balloon Fiesta, draw residents and visitors alike. In addition to its cultural attractions, Lawrence is surrounded by beautiful parks and natural areas, including the scenic Clinton Lake, providing opportunities for outdoor activities like hiking, fishing, and boating. The local community is characterized by its friendliness and active engagement in various social and civic activities. With its blend of academic, cultural, and outdoor offerings, Lawrence is an appealing place to live, work, and visit.

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