The cost of living in Lawrence, Kansas, is not always easy to anticipate. It is often difficult to compare a city to a state-wide average because each city has its unique factors. Lawrence, Kansas, however, is not any different. In this article, we will take a look at the cost of living in Lawrence Ks and provide insight into how much money you need to earn to make ends meet in this city.
About Lawrence
Lawrence is located in northeast Kansas, just 33 miles from Kansas City. It is a college town, home to the University of Kansas, and has a population of about 90,000. The city is known for its strong sense of community and the affordability of its cost of living.
Whether you’re looking to move to Lawrence, Kansas, or just want to know what living there would cost you, it’s important to know the expenses associated with living in this charming Midwestern city. The cost of living in Lawrence is relatively low compared to other cities in the United States, making it a great choice for those looking to save money while still enjoying the amenities of a vibrant city.
The cost of living in Lawrence
The cost of living in Lawrence, Kansas is relatively low compared to other metropolitan areas. According to the Council for Community and Economic Research, the cost of living in Lawrence is approximately 6.5% lower than the national average.
The cost of living in Lawrence can also be broken down into several categories. The average cost of housing in Lawrence is 11.5% lower than the national average, while the average cost of utilities is 4.8% lower. Grocery and health care costs in Lawrence are slightly higher than the national average, with grocery costs being 4.2% higher and health care costs being 2.6% higher.
Housing is surprisingly inexpensive in Lawrence. According to the most recent data from the U.S. Census Bureau, the median home value in Lawrence is $155,800. That’s cheaper than the national median of $200,000. Home prices are expected to rise slightly over the next few years, but they should remain relatively low. Renters can also find affordable housing in Lawrence, with a median monthly rent of $865.
Food is also quite affordable in Lawrence. The cost of groceries is slightly below the national average, making it easy to eat healthy on a budget. Eating out is also a relatively inexpensive option, with an average meal for two at a mid-range restaurant costing around $30.
Transportation costs in Lawrence are also quite low. Gas prices are slightly below the national average, and public transportation is very affordable. The local bus service, known as “The T,” costs only $1.25 for adults and $0.75 for seniors and students. There is also the option of bike-sharing, which is a popular choice for locals.
Utilities in Lawrence are also quite affordable. The average monthly electricity bill is around $90, and the average monthly water bill is around $50. The cost of internet access varies depending on the provider, but most plans are reasonably priced.
How much money do you need to earn in Lawrence?
The cost of living in Lawrence is lower than the national average. The median income for a family of four in Lawrence is $75,000. The cost of living index in Lawrence is 98.8 which is lower than the national average of 100. You will need to earn $14.00 an hour to support a family of four in Lawrence.
Conclusion
Overall, Lawrence is an affordable place to live. With low housing costs, utilities costs and a lower cost of living than many other metropolitan areas, Lawrence can be an attractive option for people looking for an affordable place to call home. Overall, the cost of living in Lawrence is quite low. This is a major factor in why so many people choose to live in this vibrant city. With a low cost of living and a strong sense of community, Lawrence is a great city to call home.
