Lawrenceburg cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexLawrenceburgIndianaNational
Cost of living index9087100
IndexLawrenceburgIndianaNational
Goods & Services index10094100
Groceries index9294100
Health care index9795100
Housing index7573100
Transportation index10092100
Utilities index9390100
Here we can see a simple outline of the cost of living in Lawrenceburg, IN. As you can see, with the average cost of living in Lawrenceburg, IN being 90, that puts it 4% higher than the average of Indiana and 10% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Lawrenceburg, IN, the price of goods and services are 6% higher than the average of Indiana as well as equal to the nation's average.

Did you know?

  • The cost of living in Lawrenceburg is 4% higher than the Indiana average.
  • The cost of living in Lawrenceburg is 10% lower than the national average.
  • The cost of housing in Lawrenceburg is 25% lower than the national average.
  • Indiana general sales tax is 37% higher than the national average.
  • Indiana state income tax is 48% higher than the national average.

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Salary Calculator

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
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The salary calculator is used in order to provide a comparison of your current salary in Lawrenceburg, IN to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Lawrenceburg, IN, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Lawrenceburg, IN salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$49,074$4,090$1,145$1,472
Renters$31,558$2,630$736$947
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Lawrenceburg, IN as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Lawrenceburg, IN homeowners, is $49,074. This would allow for a maximum of $1,145 per month to be spent on housing costs. For renters, the median monthly income is $31,558 which would result in a maximum of $736 to be spent on rental costs.

Indiana Sales Tax

StateGeneral Sales TaxWith Max Surtax
Indiana7%7%

Indiana Income Tax

StateIncome Tax (Low)Income Tax (High)
Indiana3.3%3.3%
When assessing the complete cost of living in Lawrenceburg, IN, the Indiana income tax and the Indiana sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Indiana maximum surtax is 7%, and the Indiana sales tax is 7%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 3.3% to 3.3% in Indiana.

Goods & Services

ItemLawrenceburgNational avg.Difference
Haircut $13.84$15.5611.1%
Beauty Salon $31.76$36.1112.0%
Toothpaste $2.36$2.474.4%
Shampoo $0.79$0.9618.5%
Movie $10.51$10.133.8%
Bowling $4.58$4.743.4%

Groceries

ItemLawrenceburgNational avg.Difference
Ground Beef $3.61$3.989.5%
Fried Chicken $1.41$1.410.2%
Milk $1.46$2.0629.1%
Potatoes $2.68$2.9810.0%
Pizza $8.49$9.4710.4%
Beer $8.18$8.796.9%

Health Care

ItemLawrenceburgNational avg.Difference
Optometrist $90.37$101.0410.6%
Doctor $103.24$107.443.9%
Dentist $87.72$90.423.0%
Ibuprofen $8.33$9.2810.2%
Lipitor $433.67$426.501.7%

Housing

ItemLawrenceburgNational avg.Difference
Home Price $131,700.00$175,700.0025.0%
Avg. Mortgage Payment $805.19$1,133.2328.9%
Apartment Rent $684.00$920.0025.7%

Transportation

ItemLawrenceburgNational avg.Difference
Gasoline $2.04$1.992.6%
Tire Balancing $43.48$45.765.0%

Utilities

ItemLawrenceburgNational avg.Difference
All Electricity$163.52$163.810.2%
Phone $23.66$28.3916.7%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Elizabethtown, OH30276-24%
New Baltimore, OH52379-21%
New Haven, OH81381-19%
West Harrison, IN38782-18%
Moores Hill, IN65483-17%
Lawrenceburg, IN5,02290-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Olympia Fields, IL5,02211717%
Byron, MN5,0231011%
Dos Palos, CA5,02396-4%
Ayden, NC5,01891-9%
Sissonville, WV5,01787-13%
Lawrenceburg, IN5,02290-10%
Source: The Lawrenceburg, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.