Lawrence, Indiana is a great place to live. The two-bedroom rent in Lawrence is $1,170, which is much lower than the US average of $1,430. This makes Lawrence an affordable option for many looking to move to the Indianapolis area. In addition to the affordable housing costs, the grocery cost index in Lawrence is 95 versus 100 in the US. This means groceries are cheaper than average for those living in Lawrence. Local companies such as Community Health Network, Lee's Famous Recipe Chicken and Diversified Restaurant Solutions all have locations within Lawrence (Community Health Network, 2019; Lee's Famous Recipe Chicken, 2019; Diversified Restaurant Solutions). With its affordable housing prices and low grocery costs, Lawrence offers excellent living conditions for couples and families seeking stability and savings.
Lawrence (zip 46216) has an unemployment rate of 4.4%. The US average is 6.0%.
Lawrence (zip 46216) has seen the job market decrease by -4.7% 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 (zip 46216)
- The Sales Tax Rate for Lawrence (zip 46216) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lawrence (zip 46216) 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 (zip 46216)
- The average income of a Lawrence (zip 46216) resident is $46,694 a year. The US average is $37,638 a year.
- The Median household income of a Lawrence (zip 46216) resident is $46,905 a year. The US average is $69,021 a year.