Fairmont City, IL vs Loami, IL

Fairmont City, IL and Loami, IL have a very similar cost of living, with only a 3.3% difference in their overall index. Fairmont City scores 69 while Loami scores 67 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 Fairmont City is $1,012/month compared to $871/month in Loami — a 16% difference. Interestingly, home values tell a different story: while Loami has cheaper rent, Fairmont City actually has lower median home values ($65,500 vs $108,800).

Median household income in Fairmont City is $43,333 compared to $53,750 in Loami (-19.4%). Loami offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Fairmont City spend roughly 28% of their income on rent, more than the 19.4% in Loami.

Climate-wise, both cities share similar average temperatures (56.5°F vs 54°F). Fairmont City receives more rainfall at 40.8" per year compared to 38" in Loami.