Latham, IL is a small town located in Montgomery County and home to only 62543 people. The 2 bedroom rent in the area is much lower than that of the national average, at $810 compared to $1,430. There is also a relatively low grocery cost index of 92 versus 100 in the US. This makes living costs in Latham fairly affordable for residents. Local businesses include H & R Oil Co, L & K Fencing, The UPS Store, and Harmony Salon & Spa. These companies offer locals essential services such as fuel delivery, fencing installation, packing/shipping services, and beauty treatments.
Latham (zip 62543) has an unemployment rate of 5.2%. The US average is 6.0%.
Latham (zip 62543) 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 (zip 62543)
- The Sales Tax Rate for Latham (zip 62543) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Latham (zip 62543) 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 (zip 62543)
- The average income of a Latham (zip 62543) resident is $21,844 a year. The US average is $28,555 a year.
- The Median household income of a Latham (zip 62543) resident is $60,417 a year. The US average is $69,021 a year.