Lawrence, IN
Population 49,284 · Indiana
About Lawrence, IN
Lawrence is a mid-sized city located in Indiana with a population of 49,284 residents according to the latest US Census Bureau American Community Survey data. The median household income is $73,455 per year, which is 2% below the national median of $75,149. The median age of 34.4 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Lawrence features a median home value of $220,400, which is 10% below the national median of $244,900. This positions Lawrence in a moderately priced market relative to the rest of the country. Median monthly rent is $1,084, 7% below the national average of $1,163/month. Of the 20,612 total housing units, 66% are owner-occupied (12,931 units) and 34% are renter-occupied (6,622 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Lawrence shows an unemployment rate of 4.2%, which is near the national rate of 3.7%. The poverty rate stands at 8.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lawrence have an average one-way commute time of 25 minutes.
Education & Demographics
35.4% of Lawrence residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 13.5% White, 2.2% Hispanic or Latino, 1.6% Black or African American, and 4.5% Asian residents, with 11.1% of the population being foreign-born.
How Lawrence Ranks in Indiana
Cost of Living in Lawrence, IN
Compared to national averages, Lawrence has a median household income of $73,455 (2% below the national median of $75,149). Home values average $220,400, which is 10% below the national median. Monthly rent at $1,084 is 7% below the US average of $1,163. Within Indiana, Lawrence's income is 6% above the state average of $69,330, and home values are 35% above the state median of $163,409.
Why Live in Lawrence, IN?
Lawrence offers affordable housing with a median home value of $220,400, below the US average of $244,900, and rent that’s lower than the national average at $1,084/month, and a well-educated community where 35.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 8.4%, better than the national average.
Potential considerations include median household income ($73,455) that falls below the national average. However, Lawrence’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lawrence has a population of 49,284 with a median age of 34.4 years. Compare Lawrence with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Lawrence
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Jeffersonville | 50,176 | $70,157 | $208,500 | Compare |
| Mishawaka | 50,907 | $53,120 | $140,600 | Compare |
| Columbus | 51,104 | $76,856 | $231,000 | Compare |
| Westfield | 51,109 | $119,598 | $391,900 | Compare |
| Elkhart | 53,726 | $47,885 | $126,900 | Compare |
| West Lafayette | 44,802 | $33,497 | $318,100 | Compare |
| Anderson | 54,930 | $47,221 | $104,300 | Compare |
| Terre Haute | 58,491 | $41,960 | $109,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lawrence With Other Cities
Frequently Asked Questions about Lawrence
What is the population of Lawrence, IN?
The population of Lawrence, IN is 49,284 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Indiana.
What is the median household income in Lawrence?
The median household income in Lawrence, IN is $73,455 per year, which is 2% below the national median of $75,149.
What is the median home value in Lawrence?
The median home value in Lawrence, IN is $220,400, which is 10% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lawrence?
The median monthly rent in Lawrence, IN is $1,084, which is 7% below the national average of $1,163/month.
What is the unemployment rate in Lawrence?
The unemployment rate in Lawrence, IN is 4.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lawrence, IN a good place to live?
Lawrence offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 49,284 and a median age of 34.4, the city appeals to young professionals and families.
How educated is Lawrence, IN?
35.4% of residents in Lawrence aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lawrence?
Key cost-of-living indicators for Lawrence, IN: median home value is $220,400 (10% below national), median rent is $1,084/month, and median household income is $73,455. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lawrence?
The poverty rate in Lawrence, IN is 8.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lawrence, IN?
Lawrence's population is 13.5% White, 2.2% Hispanic or Latino, 1.6% Black or African American, 4.5% Asian, and 27.6% two or more races. 11.1% of residents are foreign-born.