Fairmont, IL vs Loami, IL

The cost of living difference between Fairmont, IL and Loami, IL is dramatic. Loami is 33.6% cheaper than Fairmont, a gap that translates to thousands of dollars per year in household expenses. Fairmont has a cost index of 90 while Loami sits at 67, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Fairmont is $1,372/month compared to $871/month in Loami — a 58% difference. Home values follow the same pattern: Loami is more affordable at $108,800 median vs $147,400.

Median household income in Fairmont is $59,244 compared to $53,750 in Loami (+10.2%). Fairmont does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Fairmont spend roughly 27.8% of their income on rent, more than the 19.4% in Loami.

Climate-wise, both cities share similar average temperatures (52.1°F vs 54°F). Loami receives more rainfall at 38" per year compared to 34.4" in Fairmont.