Cost of Living in Lawrence, KS
Lawrence cost of living index: 96.65 (below the US average). Median home price: $379,250.
Updated 2026 • Based on 4 local zip codes
📍 Some data sourced from nearby metro area
% below the national average
Housing
Data from 4 zip codes
Housing costs in Lawrence, KS based on real market data from 4 local zip codes.
When considering a move to Lawrence, KS, it’s essential to weigh your options regarding housing. With a housing index of 85.95, the market is generally affordable relative to the national average. The median home price of 379250.0 indicates a substantial investment possibility, while the average rent for a 2-bedroom apartment is set at 65887.5 and a house averages . 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.
Last updated: January 2026
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
Living in Lawrence, KS could entail variable utility costs. Electricity costs sit at $14.22, while natural gas is priced at data unavailable per Thousand Cubic Feet. Expect to budget about $83.55 monthly for other services like water and garbage.
Cost Breakdown by Category
Local Income & Economy in Lawrence, KS
How far does your money go in Lawrence? Understanding the relationship between income and cost of living is key to evaluating affordability.
How We Calculate Adjusted Purchasing Power in Lawrence
The adjusted purchasing power shows what a Lawrence, KS household income is actually worth after accounting for local prices. We calculate it using the formula: Purchasing Power = Median Income ÷ Cost of Living Index × 100
For Lawrence, that's $59,834 ÷ 96.65 × 100 = $61,908. This means a household earning the median income in Lawrence has the equivalent buying power of $61,908 in a city where the cost of living index equals the national baseline of 100.
With a cost of living index of 96.65, Lawrence is more affordable than the national average. The median household income of $59,834 effectively stretches to $61,908 in purchasing power — meaning everyday expenses like housing, groceries, and utilities cost less here. This makes Lawrence, KS an attractive destination for budget-conscious families, remote workers, and retirees looking to maximize their income.
Housing is particularly affordable, with a median home price of $379,250. Renters and first-time homebuyers in Lawrence benefit from lower monthly costs compared to national averages, leaving more room in the budget for savings and quality of life.
💡 Purchasing power is calculated by dividing the local median household income by the cost of living index and multiplying by 100. A result higher than the nominal income means your money goes further; a lower result means local prices erode your earnings. The US baseline cost of living index is 100.
Pros & Cons of Living in Lawrence
Pros
- • Friendly community vibe
- • Diverse cultural events
- • Safety in neighborhoods
- • Rich history and art scene
- • Nearby outdoor activities
- • Supportive local businesses
- • Active nightlife scene
- • Strong local schools
- • Affordable housing options
- • Good job market availability
Cons
- • Some areas lacking nightlife
- • Higher crime rates in some areas
- • Political divide among residents
- • Few options for upscale dining
- • Seasonal job fluctuations
- • Less diversity in some neighborhoods
- • Some residents report racism
- • Limited public transport options
- • Limited family activities
- • Weather can be extreme
💡City Insights
Lawrence scores 4/10 for affordability, 5/10 for safety, and 5/10 for family-friendliness — an average overall profile. However, affordability is a weaker area that prospective residents should consider carefully.
Frequently Asked Questions
What is the cost of living in Lawrence, KS? ▼
The cost of living in Lawrence, KS is 3% lower than the national average, with a cost of living index of 97 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in Lawrence, KS? ▼
In Lawrence, KS, The median home price is $379,250. requiring approximately $124,125 annual income to afford. Average rent is $65,888/month (requiring ~$2,635,500/year income). The local median household income is $59,834, making homeownership challenging for typical residents. Explore Lawrence real estate data →
Is Lawrence, KS a safe place to live? ▼
Lawrence, KS is average in terms of safety, with crime rates near the national average. Safety varies significantly by neighborhood. View detailed Lawrence crime statistics →
What salary do you need to live comfortably in Lawrence, KS? ▼
To live comfortably in Lawrence, KS and afford a median-priced home of $379,250, you would typically need a household income of $94,812 to $118,516 per year. The local median household income is $59,834. Renting requires approximately $2,635,500/year (at $65,888/month). See full affordability analysis →
What are the best neighborhoods in Lawrence, KS? ▼
The best neighborhoods in Lawrence, KS depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods throughout the city offer good value since the median home price of $379,250 is below the national average.
How are the taxes in Lawrence, KS? ▼
Tax rates in Lawrence, KS include state and local components. The cost of living index of 97 reflects a moderate cost environment compared to the national average. View detailed Lawrence tax information →
How does Lawrence, KS compare to nearby cities? ▼
Lawrence, KS offers a more affordable alternative to nearby communities. With a cost of living index of 97, median home prices of $379,250, and a crime rate of 0 per 1,000 residents, you can compare these metrics side-by-side. Use the compare feature to evaluate specific cities.
What is the weather like in Lawrence, KS? ▼
Weather in Lawrence, KS varies by season. Climate data varies by season. View detailed Lawrence climate & environment data →
What factors affect cost of living in Lawrence, KS? ▼
The main factors affecting cost of living in Lawrence, KS include housing costs (the biggest factor), utilities, groceries, transportation, and healthcare. Local taxes and the overall economic conditions also play a role.
Housing Costs by Zip Code
Detailed housing data across 4 zip codes in Lawrence, KS.
| Zip Code | Median Home Price | Avg Rent | 2BR Rent | For Sale | For Rent |
|---|---|---|---|---|---|
| 66044 | $450,000 | $1,522/mo | $1,500/mo | 52 | 53 |
| 66046 | $350,000 | $1,161/mo | $950/mo | 56 | 25 |
| 66047 | $399,500 | $1,880/mo | $259,500/mo | 47 | 17 |
| 66049 | $359,000 | $2,076/mo | $1,600/mo | 87 | 17 |
Explore More About Lawrence, KS
📅 Last Updated: January 2026
Sources: U.S. Census Bureau (ACS), Bureau of Labor Statistics, Council for Community and Economic Research (C2ER), Zillow, Redfin