A+
7%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
23%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Lawrenceburg Kentucky National
Cost of living9390100
Goods & Services101101100
Groceries101101100
Health care8484100
Housing7770100
Transportation9292100
Utilities104104100

An Overview of Cost of Living in Lawrenceburg, KY

Are you thinking about relocating, but curious about the potential cost of living in Lawrenceburg? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Lawrenceburg stands at 93, making it 7% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

Everyday expenditures like food, housing, goods and services, transportation and health care in Lawrenceburg are priced in a manner consistent with other areas. This means that residents of Lawrenceburg can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Is Lawrenceburg Affordable?

Is Lawrenceburg an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Lawrenceburg, the median home price is 23.1% lower than what most folks pay across the country, and monthly rent prices are 23.9% lower than the usual rates. Income levels in Lawrenceburg come in at $49,328, which is 10.8% lower than the national average.

What Factors can Influence the Cost of Living in Lawrenceburg?

Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday goods and services like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Lawrenceburg starts at 6% and the income tax rates start at 5%.

Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.

Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Lawrenceburg, healthcare costs are 16.3% lower than the national average.

Where is the Data From?

The cost of living in Lawrenceburg, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Lawrenceburg is 2% higher than the Kentucky average
  • The cost of living in Lawrenceburg is 7% lower than the national average
  • Lawrenceburg housing is 23% lower than the national average
  • Kentucky general sales tax is 18% higher than the national average
  • Kentucky state income tax is 73% higher than the national average

Most Affordable Places to Live in and Around Lawrenceburg

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Compare Lawrenceburg, KY Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$65,557$5,463$1,530$1,967
      Renters$26,176$2,181$611$785
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Lawrenceburg, KY, 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 homeowners, is $65,557. This would allow for a maximum of $1,530 per month to be spent on housing costs. For renters, the median monthly income is $26,176 which would result in a maximum of $611 to be spent on rental costs.

      Kentucky Sales Tax

      State General Sales Tax With Max Surtax
      Kentucky 6% 6%

      Kentucky Income Tax

      State Income Tax (Low) Income Tax (High)
      Kentucky 4.5% 4.5%

      Goods & Services

      Item Lawrenceburg National avg. Difference
      Haircut $26.50$24.269.2%
      Beauty Salon $53.07$45.5616.5%
      Toothpaste $3.50$3.705.6%
      Shampoo $1.21$1.285.3%
      Movie $13.05$12.137.6%
      Bowling $21.91$18.0021.7%

      Groceries

      Item Lawrenceburg National avg. Difference
      Ground Beef $6.07$5.844.0%
      Fried Chicken $1.40$1.5711.0%
      Milk $4.72$4.671.0%
      Potatoes $5.19$4.935.1%
      Pizza $10.35$12.0914.4%
      Beer $9.84$10.415.5%

      Health Care

      Item Lawrenceburg National avg. Difference
      Optometrist $87.52$125.6830.4%
      Doctor $106.15$135.7821.8%
      Dentist $102.55$113.299.5%
      Ibuprofen $10.64$10.650.1%
      Lipitor $364.92$468.6022.1%

      Housing

      Item Lawrenceburg National avg. Difference
      Home Price $142,100.00$184,700.0023.1%
      Avg. Mortgage Payment $1,809.12$2,346.6922.9%
      Apartment Rent $722.00$949.0023.9%

      Transportation

      Item Lawrenceburg National avg. Difference
      Gasoline $3.11$3.4610.2%
      Tire Balancing $58.38$59.922.6%

      Utilities

      Item Lawrenceburg National avg. Difference
      All Electricity $207.41$193.996.9%
      Phone $192.46$192.250.1%
      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 Population Cost of Living Index National Avg.
      Salvisa, KY167990.6%
      High Bridge, KY180919.1%
      Frankfort, KY27,705928.0%
      Wilmore, KY6,339963.9%
      Versailles, KY9,251973.4%
      Lawrenceburg, KY11,416937.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Wakefield, VA11,41317777.3%
      Woods Cross, UT11,42311717.5%
      Roma, TX11,4277623.9%
      Urbana, OH11,4288911.3%
      Selkirk, MB11,428n/a 
      Lawrenceburg, KY11,416937.4%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.