Dakota, IL vs Lacon, IL

Dakota, IL and Lacon, IL have a very similar cost of living, with only a 3.4% difference in their overall index. Dakota scores 63 while Lacon 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 Dakota is $644/month compared to $811/month in Lacon — a 21% difference. Interestingly, home values tell a different story: while Dakota has cheaper rent, Lacon actually has lower median home values ($111,700 vs $115,700).

Median household income in Dakota is $57,063 compared to $60,750 in Lacon (-6.1%). While Lacon is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Dakota spend roughly 13.5% of their income on rent, less than the 16% in Lacon.