Cost of Living in Lawrence, KS
Housing
The housing market plays a significant role in determining the cost of living in Lawrence, KS.
- Housing Index: 95.0 / 100
- Median Home Price is: $248,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1360 per month
When considering a move to Lawrence, KS, it’s essential to weigh your options regarding housing. With a housing index of 95.0, the market is generally affordable relative to the national average. The median home price of 248000 indicates a substantial investment possibility, while the average rent for a 2-bedroom apartment is set at 1200 and a house averages 1360. This could signify great opportunities for both renters and potential homeowners. Ensure to also consider the local job market, amenities, and overall quality of life in Lawrence.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lawrence, KS.
- Electricity Price: $14.22 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Lawrence, KS could entail higher utility costs. Electricity costs sit at $14.22, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Lawrence is a financially viable option for your relocation.