Latham, IL is a small town with a population that has been steadily increasing over the years. It's known for its rural charm and close-knit community atmosphere. Rent for a 2 bedroom apartment in Latham is about $840 per month, which is significantly lower than the US average of $1,430. Additionally, local grocery costs are approximately 8% lower than the national average. There are several local businesses in Latham to explore such as an auto shop, brewery, and farmer's market. The cost of living index in Latham is quite low for such a small town, making it an attractive option for those looking to live on a budget or save some money while still enjoying quality goods and services.
Latham has an unemployment rate of 5.2%. The US average is 6.0%.
Latham has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Latham
- The Sales Tax Rate for Latham is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Latham is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Latham
- The average income of a Latham resident is $22,136 a year. The US average is $28,555 a year.
- The Median household income of a Latham resident is $57,083 a year. The US average is $69,021 a year.