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Fairmount, ND vs Lankin, ND

55
Fairmount
North Dakota
VS
-28.8%
77
Lankin
North Dakota

There is a significant gap in the cost of living between these two cities. Fairmount is 28.8% cheaper than Lankin. With a cost index of 55 vs 77, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Fairmount to Lankin should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Fairmount are $79,300 compared to $71,000 in Lankin, a 12% gap.

Median household income in Fairmount is $55,313 compared to $63,438 in Lankin (-12.8%). Lankin does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget.

Climate-wise, Fairmount is notably warmer with an average of 44°F compared to 39.8°F in Lankin. Fairmount receives more rainfall at 22.9" per year compared to 21.7" in Lankin.

Income & Cost

Cost of Living Index
Fairmount
55
29% cheaper
Lankin
77
Median Household Income
Fairmount
$55,313
Lankin
$63,438
13% higher

Housing

Median Rent
Fairmount
$567
Lankin
Median Home Value
Fairmount
$79,300
Lankin
$71,000
10% cheaper
Population
Fairmount
316
Lankin
113

Salary Equivalency Calculator

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Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Fairmount 44°F
Lankin 39.8°F
Summer High
Fairmount 83°F
Lankin 81°F
Winter Low
Fairmount 4°F
Lankin -3°F
Rainfall
Fairmount 22.9"
Lankin 21.7"
Rainy Days
Fairmount 108d
Lankin 105d