Lanesboro, IA vs Portsmouth, IA

There is a significant gap in the cost of living between these two cities. Lanesboro is 16.3% cheaper than Portsmouth. With a cost index of 50 vs 59, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lanesboro to Portsmouth should plan for substantially higher expenses across most categories.

On the housing front, median rent in Lanesboro is $338/month compared to $575/month in Portsmouth — a 41% difference. Home values follow the same pattern: Lanesboro is more affordable at $91,700 median vs $115,500.

Median household income in Lanesboro is $36,667 compared to $79,643 in Portsmouth (-54%). While Portsmouth is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lanesboro spend roughly 11.1% of their income on rent, more than the 8.7% in Portsmouth.

Climate-wise, Portsmouth is notably warmer with an average of 52.4°F compared to 48.6°F in Lanesboro. Lanesboro receives more rainfall at 35.9" per year compared to 31.9" in Portsmouth.