Housing costs in Latham?
A typical home costs
$112,600, which is 66.7% less expensive than the national average of
$338,100 and 53.4% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Latham costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 55.6% cheaper than the state average of
$1,260.
Can I afford Latham?
To live comfortably in Latham (zip 62543), Illinois, a minimum annual income of
$21,600 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Latham?
The cost of living in 62543 Latham, IL is relatively low. According to BestPlaces, the city's cost of living index is 83.82 which is substantially lower than the national average of 100. Housing is quite affordable with an estimated median home price of $92,400 and monthly rent for a one bedroom apartment averaging around $490. Groceries are also relatively inexpensive with BestPlaces reporting the overall groceries index at 85.13 compared to the national average of 100. Overall, living in 62543 Latham, IL can be quite affordable if you're looking for a low cost place to live.