Buda, IL vs Lanark, IL

Buda, IL and Lanark, IL have a very similar cost of living, with only a 1.8% difference in their overall index. Buda scores 66 while Lanark scores 65 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Buda is $894/month compared to $781/month in Lanark — a 15% difference. Interestingly, home values tell a different story: while Lanark has cheaper rent, Buda actually has lower median home values ($69,800 vs $97,100).

Median household income in Buda is $49,922 compared to $66,250 in Lanark (-24.6%). Lanark offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Buda spend roughly 21.5% of their income on rent, more than the 14.1% in Lanark.