Fairmount, IL vs Lacon, IL

Fairmount, IL and Lacon, IL have a very similar cost of living, with only a 1.7% difference in their overall index. Fairmount scores 64 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 Fairmount is $735/month compared to $811/month in Lacon — a 9% difference. Home values follow the same pattern: Fairmount is more affordable at $95,900 median vs $111,700.

Median household income in Fairmount is $63,393 compared to $60,750 in Lacon (+4.4%). Fairmount offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Fairmount spend roughly 13.9% of their income on rent, less than the 16% in Lacon.

Climate-wise, both cities share similar average temperatures (52.5°F vs 52.7°F). Lacon receives more rainfall at 37.6" per year compared to 37" in Fairmount.