Lawrence, IN is a small city located in Marion County. The city is home to several companies such as Marsh Supermarkets, Rolls-Royce Corporation, and Family Dollar. The cost of living in Lawrence, IN is quite affordable. For example the 2 bedroom rent averages $1,180 which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index for Lawrence IN is 95 which is 5 points below the national average. Overall Lawrence offers an affordable place to live with plenty of amenities nearby.
Lawrence has an unemployment rate of 4.4%. The US average is 6.0%.
Lawrence has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 37.7%, which is higher than the US average of 33.5%.
Tax Rates for Lawrence
- The Sales Tax Rate for Lawrence is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lawrence is 4.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lawrence
- The average income of a Lawrence resident is $23,801 a year. The US average is $28,555 a year.
- The Median household income of a Lawrence resident is $64,392 a year. The US average is $69,021 a year.