Concordia, KS vs Lakin, KS
There is a significant gap in the cost of living between these two cities. Concordia is 21.6% cheaper than Lakin. With a cost index of 60 vs 77, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Concordia to Lakin should plan for substantially higher expenses across most categories.
On the housing front, median rent in Concordia is $698/month compared to $1,123/month in Lakin — a 38% difference. Home values follow the same pattern: Concordia is more affordable at $96,100 median vs $141,700.
Median household income in Concordia is $50,213 compared to $84,286 in Lakin (-40.4%). While Lakin is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Concordia spend roughly 16.7% of their income on rent, more than the 16% in Lakin.
Climate-wise, both cities share similar average temperatures (54.1°F vs 54.4°F). Concordia receives more rainfall at 28.4" per year compared to 19" in Lakin.
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Climate
NOAA 30-year normals (1991-2020)