Cost of Living in Lawrence, NY
Housing
The housing market plays a significant role in determining the cost of living in Lawrence, NY.
- Housing Index: Data is updating
- Median Home Price is: $865,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Based on the provided data for Lawrence, NY, the housing situation reveals a neutral housing index of 0.0, indicating a stable market. Despite this stability, the median home price is notable at 865000, suggesting that purchasing a residence may be relatively expensive. Interestingly, data on average rents for both a 2-bedroom apartment and 2-bedroom house is missing which often contributes to an understanding of overall housing costs. If the renting prices are also on the higher side, this could affect your ability to transition smoothly. Researching the local housing trends and amenities is recommended before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lawrence, NY.
- Electricity Price: $26.08 USD (median by state)
- Natural Gas Price: $18.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Lawrence, NY could entail higher utility costs. Electricity costs sit at $26.08, while natural gas is priced at $18.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable 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.