Fairmount, IN vs Lanesville, IN

Fairmount is moderately more affordable than Lanesville, with a 13.6% lower cost of living index. Fairmount scores 66 compared to 77 for Lanesville, where the US average is 100. This difference means residents of Lanesville can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Fairmount is $827/month compared to $886/month in Lanesville — a 7% difference. Home values follow the same pattern: Fairmount is more affordable at $96,700 median vs $208,000.

Median household income in Fairmount is $45,163 compared to $80,473 in Lanesville (-43.9%). While Lanesville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Fairmount spend roughly 22% of their income on rent, more than the 13.2% in Lanesville.