Lawrence, Indiana Income Statistics
Lawrence Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
Lawrence Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Lawrence | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,246 | $71,967 | $80,455 |
| Median Personal Income | $54,908 | $55,757 | $60,758 |
| Average Yearly Income Growth | 5.4% | 4.5% | 4.8% |
| Six-Figure Earners | 9.7% | 10.2% | 13.9% |
| $200k+ Households | 6.3% | 8.2% | 13.2% |
The median household income in Lawrence is about 2% higher than in Indiana. Income has been growing faster in Lawrence (5.4%/yr) than in Indiana (4.5%/yr).
About 10% of adults in Lawrence earn six figures ($100,000 or more) a year, about the same as the Indiana average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Lawrence, Indiana grew by 29.6% from 2009 to 2024, reaching $73,246 in 2024. That's an average of about 5.4% per year.
Income Inequality and the Gender Pay Gap in Lawrence
| Metric | Lawrence | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.509 | 0.534 | 0.552 |
| Male Median Income | $63,168 | $65,086 | $69,667 |
| Female Median Income | $53,437 | $51,220 | $56,850 |
| Gender Pay Gap | 15.4% | 21.3% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Lawrence, it is 0.509, lower than Indiana's 0.534, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 18% more than women's income in Lawrence, Indiana. Over a 35-year career, a 18% wage gap accumulates to roughly $340,585 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lawrence, Indiana has narrowed from about 21% to 15% in 2024. Over that period the gap was widest at 23% in 2010, and was narrowest at 14% in 2016. In dollar terms, the gap has narrowed by $332 since 2009.
Employment
| Metric | Lawrence | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.7% | 4.3% | 5.2% |
| Working from Home | 13.9% | 10.7% | 15.0% |
| Commute time (minutes) | 23 | 21 | 22 |
Approximately 1,342 people are unemployed in Lawrence, Indiana.
The average commute time in Lawrence is 23 minutes, longer than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lawrence, Indiana has fallen from 9.2% to 4.7% in 2024. Over that period the rate peaked at 11.3% in 2013 and fell as low as 4.3% in 2023.
Lawrence, IN Wealth Compared With Nearby Cities
How Lawrence, IN compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Lawrence, IN | 51,351 | $73,246 #2/2 | 5.4%/yr #1/2 | 4.7% #2/2 | 0.509 #1/2 |
| Fishers, IN | 84,547 | $127,799 | 4.0%/yr | 2.8% | 0.515 |
Conclusion
Considering all these factors, Lawrence, Indiana has an overall wealth index grade of B, making it somewhat better than Indiana, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Lawrence, Indiana.
How Rich Is Lawrence, Indiana?
Lawrence has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $73,246, about 2% higher than the Indiana average of $71,967.
How fast is household income rising in Lawrence, Indiana?
Between 2009 and 2024, the median household income in Lawrence, Indiana rose 30%, from $56,529 to $73,246. Over the same years, income here lagged behind Indiana as a whole: +30% against +52%.
What was the median household income in Lawrence in 2023?
In 2023, the median household income in Lawrence, Indiana was $71,942, up 6% from $67,765 in 2022. The Indiana median that year was $70,115.
What was the median household income in Lawrence in 2020?
In 2020, the median household income in Lawrence, Indiana was $59,803. By 2024 it had risen 22% to $73,246.
What is the Gini coefficient in Lawrence, Indiana?
The Gini coefficient in Lawrence is 0.509. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Lawrence, Indiana?
Since 2009, the income gap between men and women in Lawrence, Indiana has narrowed from about 21% to 15% in 2024. Over that period the gap was widest at 23% in 2010, and was narrowest at 14% in 2016. In dollar terms, the gap has narrowed by $332 since 2009.
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