Latimer, KS Economy


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United States / Kansas / No Metro Area / Morris County / Latimer / Zip Codes
Latimer, KS is a small town located in the heart of Kansas. It is known for its rural charm and friendly community. The city has a variety of local businesses including Latimer Hardware, Latimer Veterinary Clinic, and Latimer Community Bank. The average two bedroom rent in Latimer is much more affordable than other parts of the US at $720 per month while the national average two bedroom rent is $1,430 per month. Furthermore, groceries in Latimer are relatively less expensive compared to other parts of the US with an index score of 91 versus 100 in the US.

Latimer has an unemployment rate of 2.8%. The US average is 6.0%.

Latimer has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.

Tax Rates for Latimer
- The Sales Tax Rate for Latimer is 9.2%. The US average is 7.3%.
- The Income Tax Rate for Latimer is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Latimer
- The average income of a Latimer resident is $21,910 a year. The US average is $28,555 a year.
- The Median household income of a Latimer resident is $57,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLatimer, KansasUnited States
  2.86
  1.5%-6.2%
  24.5%33.5%
  7.5%6.2%
  5.7%4.6%
  $28,200$37,638
  $57,500$69,021
Family Median Income 85028
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