Fairmount, ND vs Lankin, ND
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.
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Climate
NOAA 30-year normals (1991-2020)