Lanesboro, IA vs Rake, IA

There is a significant gap in the cost of living between these two cities. Lanesboro is 15.4% cheaper than Rake. 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 Rake should plan for substantially higher expenses across most categories.

On the housing front, median rent in Lanesboro is $338/month compared to $792/month in Rake — a 57% difference. Interestingly, home values tell a different story: while Lanesboro has cheaper rent, Rake actually has lower median home values ($34,200 vs $91,700).

Median household income in Lanesboro is $36,667 compared to $41,071 in Rake (-10.7%). The higher salaries in Rake partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Lanesboro spend roughly 11.1% of their income on rent, less than the 23.1% in Rake.

Climate-wise, Lanesboro is notably warmer with an average of 48.6°F compared to 45.6°F in Rake. Rake receives more rainfall at 36.3" per year compared to 35.9" in Lanesboro.