Starting a Business in Lawrence County, KY

What does it cost to start a business in Lawrence County? Here are the numbers.

Avg Startup Cost

$31,866

Monthly Overhead

$1,103

Est. Break-Even

30 mo

Runway

29 mo

Local Business Economics

Cost Factors

Commercial Rent (est.)$1,103/mo
Median Household Income$42,488
Property Tax Rate0.7%

Population (market size)16,228

Market Context

Median Home Value$100,300
Homeownership Rate74.4%
Median Rent$735/mo

CountyLawrence County

About Lawrence County, Kentucky

Lawrence County in Kentucky has a population of 16,228 and a median household income of $42,488. The smaller market may favor service-oriented businesses or online ventures.

These are starting estimates based on county-level data. Your actual startup costs depend on your industry, business model, location within the county, and dozens of other factors. Use our calculator for a detailed viability analysis.

Analyze Your Business Viability in Lawrence County

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Other Counties in Kentucky

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: SBA, BLS. Estimates based on county-level medians. This is not financial advice.