Median Income
$61,250
household / year
Median Home Value
$81,800
owner-occupied
Median Rent
$566
gross / month
Cost of Living
88
national avg = 100

Is Latham, IL a Good Place to Live?

Latham is a small town of 450 in Illinois, with a median household income of $61,250 and a 4.7% unemployment rate. Its cost of living index is 88 (US average = 100), which is 12% below the national average.

Strengths: Latham stands out for an affordable cost of living, below-average home prices, short average commutes.

Trade-offs: No major red flags stand out in the available data. Whether Latham is right for you depends on your priorities — the full breakdown is below.

All Latham city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 87.7

Latham's overall cost of living index is 87.7, where 100 represents the US national average. Living in Latham costs roughly 12% less than the average American city.

Metric Latham, IL National Avg
Median Home Value $81,800 $244,900
Median Monthly Rent $566 $1,163
Homeownership Rate 59.6% 65.9%
Median Household Income $61,250 $74,755

Crime & Safety

Very Safe

Latham's violent crime rate is 76.9 per 100,000 residents — 80% lower than the national average of ~380 per 100,000.

Violent Crime
76.9 /100k
Property Crime
468.2 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Metric Latham, IL National Avg
School District N/A
Elementary Schools N/A
Middle Schools N/A
High Schools N/A
Student/Teacher Ratio N/A 16:1
Bachelor's Degree or Higher 19.6% 35.4%
High School Diploma or Higher 94.4% 91.1%

Weather & Climate

Latham sees average highs of 34.0°F in January and 84.7°F in July, with 38.7 inches of annual precipitation and 18.7 inches of snow per year.

MetricLatham, IL
Average High — January34.0°F
Average High — July84.7°F
Annual Precipitation38.7"
Annual Snowfall18.7"

Demographics

MetricLatham, ILNational Avg
Population450
Median Age34.538.9
Unemployment Rate4.7%3.7%
Avg Commute Time21.9 min26 min
White (non-Hispanic)80.0%59.3%
Black or African American0.0%13.6%
Hispanic or Latino2.0%18.9%
Asian0.9%6.3%
Under 1815.8%22.2%
65 and over14.4%16.8%

Nearby Cities

ZIP Codes in Latham

Latham, IL is covered by 1 ZIP code:

Latham vs Other Cities

Frequently Asked Questions

Latham's cost of living index is 88, where 100 is the national average. That makes Latham roughly 12% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $81,800 and median rent is $566/month.
Latham's violent crime rate is 76.9 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 468.2 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
School district information is sourced from NCES Common Core of Data.
Latham, IL has a population of 450, a median household income of $61,250, and an unemployment rate of 4.7%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Latham averages 34.0°F in January and 84.7°F in July. Annual rainfall is 38.7 inches with about 18.7 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Latham, IL is covered by 1 ZIP code: 62543.
The population of Latham, Illinois is 450 with a median age of 34.5. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Latham: cost of living index 88 (100 = US average), median home $81,800, median household income $61,250, crime index 21 (100 = US average, lower is safer). Whether these are benefits or drawbacks depends on where you're coming from — compare Latham side by side with your current city to see the trade-offs.