Living in Latham, Illinois
Cost of living, income, home prices, rent and demographics of Latham · Census data 2020–2024
Latham has 297 residents with a median age of 47.5. The median household income is $68,333 (18% lower than the Illinois median), the median home value is $82,500, the median rent is $750/month.
Latham is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Latham at a glance
- Population
- 297
- Median age
- 47.5State: 39
- Median household income
- $68,333State: $83,390
- Median home value
- $82,500State: $263,300
- Median rent
- $750/moState: $1,274
- Homeowners
- 85%
- Bachelor's degree or higher
- 18.2%
- Average commute
- 24 min
Is Latham a good place to live?
Pros: Home values 69% lower than the state median; an average commute of 24 minutes; unemployment of 1.9%; a poverty rate of 6.8%.
Cons: Median household income 18% lower than the Illinois median.
The weather is best in May–June and August–September.
Cost of living in Latham
Housing is the biggest part of the cost of living. In Latham the median home value is $82,500, 75% lower than the U.S. median. Renters pay a median of $750 per month, which is 17.2% of household income. Homeowners with a mortgage pay $920 a month in housing costs.
Latham median household income
The median household income in Latham is $68,333 and the income per person is $35,804. 6.8% of residents live below the poverty line (Illinois: 11.8%).
Housing in Latham: homes for sale and rent
- Housing units
- 158
- Owner-occupied
- 85%
- Renter-occupied
- 15%
- Vacant
- 11.4%Includes seasonal homes
- Median year built
- 1951
- Average household size
- 2.12
Latham demographics
- Population
- 297
- Median age
- 47.5
- Under 18
- 17.8%
- 65 and older
- 23.9%
- Households
- 140
- Foreign-born
- 1.7%
- Veterans
- 5.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Latham ›
Education in Latham
18.2% of adults 25 and older in Latham have a bachelor's degree or higher (Illinois: 37.8%), and 4.1% have a graduate or professional degree.
Jobs and commute in Latham
- Unemployment rate
- 1.9%State: 5.8%
- Average commute
- 24 minState: 28 min
- Work from home
- 1.4%
- Drive alone
- 96.6%
- Public transit
- 0%
- Walk to work
- 2.1%
- Homes with broadband
- 93.6%
Latham vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Latham | 297 | $68,333 | $82,500 | $750 |
| Warrensburg | 921 | $81,719 | $145,400 | $775 |
| Chestnut | 347 | $54,091 | $135,600 | — |
| Mount Pulaski | 1,507 | $66,176 | $110,500 | $747 |
| Niantic | 671 | $67,155 | $114,800 | $1,066 |
| Illiopolis | 890 | $63,125 | $100,800 | $663 |
| Kenney | 349 | $82,813 | $81,500 | $825 |
| Harristown | 1,550 | $72,426 | $117,700 | $825 |
| Forsyth | 3,502 | $112,000 | $281,000 | $1,222 |
More for people moving to Latham
Latham ZIP code ›Weather and climate ›Living in Latham: FAQ
What is the median household income in Latham, IL?
The median household income in Latham is $68,333, 18% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Latham?
The median home value in Latham is $82,500, compared with $263,300 in Illinois.
How much is rent in Latham?
The median gross rent in Latham is $750 per month, about 17.2% of household income.
Is Latham, IL a good place to live?
Pluses: home values 69% lower than the state median; an average commute of 24 minutes; unemployment of 1.9%; a poverty rate of 6.8%. Minuses: median household income 18% lower than the Illinois median.
What is the median age in Latham?
The median age in Latham is 47.5 years (Illinois: 39).
How long is the commute in Latham?
The average commute to work in Latham is 24 minutes; 1.4% of workers work from home.
What is the unemployment rate in Latham?
The unemployment rate in Latham is 1.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Latham?
18.2% of adults in Latham have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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