Safe Rate Local

Cost of Living in Lawrence County

Is it better to rent or buy in Lawrence County? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

← Back to Lawrence County Hub

Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$60,687
$779/mo

Median in area: $779

$98,898

Median in area: $98,898

$19,780

If you Rent

🔑
$1,024 /mo
Base Rent$779
Est. Utilities$245
% of Income20.2%
Pre-tax Residual$4,033

If you Buy

🏠
$956 /mo
P&I (7.48%)$552
Taxes & Ins$159
Est. Utilities$245
% of Income18.9%
Pre-tax Residual$4,101

Compare Nearby Areas

See how Lawrence County stacks up against neighboring areas.

countyWabash County, IL
$788/mo
countyRichland County, IL
$774/mo
countyCrawford County, IL
$765/mo
countyKnox County, IN
$776/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Lawrence County?›

Based on median housing data, buying is currently more affordable on a monthly basis in Lawrence County. The estimated all-in monthly cost for renting is $1,024, while owning a median-priced home with a 20% down payment is roughly $956 per month (a difference of $68).

How much do utilities cost in Lawrence County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Lawrence County is approximately $245. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Lawrence County?›

To comfortably afford the median rent and utilities in Lawrence County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $40,960 per year.