Latham, IL
Population 322 · Illinois
About Latham, IL
Latham is a small community located in Illinois with a population of 322 residents according to the latest US Census Bureau American Community Survey data. The median household income is $76,667 per year, which is 2% above the national median of $75,149. The median age of 47.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Latham features a median home value of $79,000, which is 68% below the national median of $244,900. This makes Latham one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $936, 20% below the national average of $1,163/month. Of the 161 total housing units, 88% are owner-occupied (122 units) and 12% are renter-occupied (16 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Latham shows an unemployment rate of 4.5%, which is near the national rate of 3.7%. The poverty rate stands at 8.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Latham have an average one-way commute time of 25.8 minutes.
Education & Demographics
20.5% of Latham residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 9.9% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.9% of the population being foreign-born.
Cost of Living in Latham, IL
Compared to national averages, Latham has a median household income of $76,667 (2% above the national median of $75,149). Home values average $79,000, which is 68% below the national median. Monthly rent at $936 is 20% below the US average of $1,163. Within Illinois, Latham's income is 2% above the state average of $75,072, and home values are 52% below the state median of $165,779.
Why Live in Latham, IL?
Latham offers a strong local economy with a median household income of $76,667, well above the national average, and affordable housing with a median home value of $79,000, below the US average of $244,900, and rent that’s lower than the national average at $936/month. Additionally, the city features a low poverty rate of 8.7%, better than the national average.
Latham has a population of 322 with a median age of 47.6 years. Compare Latham with other cities to see how it stacks up, or explore all cities in Illinois.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Latham
What is the population of Latham, IL?
The population of Latham, IL is 322 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Illinois.
What is the median household income in Latham?
The median household income in Latham, IL is $76,667 per year, which is 2% above the national median of $75,149.
What is the median home value in Latham?
The median home value in Latham, IL is $79,000, which is 68% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Latham?
The median monthly rent in Latham, IL is $936, which is 20% below the national average of $1,163/month.
What is the unemployment rate in Latham?
The unemployment rate in Latham, IL is 4.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Latham, IL a good place to live?
Latham offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 322 and a median age of 47.6, the city appeals to established professionals and retirees.
How educated is Latham, IL?
20.5% of residents in Latham aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Latham?
Key cost-of-living indicators for Latham, IL: median home value is $79,000 (68% below national), median rent is $936/month, and median household income is $76,667. The home-value-to-income ratio is 1.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Latham?
The poverty rate in Latham, IL is 8.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Latham, IL?
Latham's population is 0.0% White, 9.9% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 2.5% two or more races. 1.9% of residents are foreign-born.