Cost of Living in Lawrence, IL

With a cost of living index of 94, Lawrence, IL is slightly more affordable than average. Living here is 6% cheaper than the national average and 14% above the Illinois state average of 80. Lawrence is a small community of 213 residents.

The median household income in Lawrence is $94,205, which is 25% higher than the national median of $75,149.

Climate is another factor for anyone considering a move to Lawrence. The area sees an average annual temperature of 49.4°F, with summers averaging 72°F and winters around 25°F. Annual rainfall totals 37.2 inches spread over roughly 121 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Chicago-Naperville-Elgin, IL-IN (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.