Iola, KS vs Lakin, KS

There is a significant gap in the cost of living between these two cities. Iola is 23.9% cheaper than Lakin. With a cost index of 58 vs 77, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Iola to Lakin should plan for substantially higher expenses across most categories.

On the housing front, median rent in Iola is $689/month compared to $1,123/month in Lakin — a 39% difference. Home values follow the same pattern: Iola is more affordable at $78,100 median vs $141,700.

Median household income in Iola is $50,417 compared to $84,286 in Lakin (-40.2%). While Lakin is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Iola spend roughly 16.4% of their income on rent, more than the 16% in Lakin.

Climate-wise, Iola is notably warmer with an average of 58°F compared to 54.4°F in Lakin. Iola receives more rainfall at 40.7" per year compared to 19" in Lakin.