States › New York › Latham

Is Latham, NY expensive to live in?

OKRent takes 20 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,8968% higher than U.S. average
💵 Families earn per year (2026)$113,134about $9,428/month · 30% higher than U.S. average
🔑 House price$326,9002% lower than U.S. average

Rent is higher than in 63% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $75,840 a year. That is $36 an hour at a full-time job.

Is rent cheaper than other New York cities?

Yes. Rent here is cheaper than in most of New York. It is number 132 of 343 cities from cheapest to most expensive.

Latham
$1,896
Nesconset
$3,426
Jericho
$2,936
Olean
$963
Greece
$2,103
East Islip
$2,988
Jefferson Valley-Yorktown
$2,324

How much do households earn in Latham?

Under $25k
8.4%
$25k–50k
11.6%
$50k–100k
34.3%
$100k–150k
30.4%
$150k+
14.4%

Share of households by yearly income. 44.8% of households earn $100,000 or more.

Rent by apartment size in Latham

SizeLathamU.S. average
1 bedroom$1,473$1,324
2 bedrooms$1,756$1,509
3 bedrooms$2,443$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Latham overall?

Everyday prices in New York overall are 8% above the U.S. average (index 107.9, U.S. = 100).

Housing
122
Goods (food, clothes…)
107
Utilities
134
Other services
104
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Latham, so the New York figure is shown.

Taxes and bills in Latham

🏛️ Property tax$4,742a year · 1.45% of home value · U.S. $3,119
⚡ Electric bill$191a month (typical) · U.S. $156

Life in Latham

Commute to work20.5 minU.S.: 26.4 min
College degree48.4%U.S.: 35.7%
Own their home62.4%U.S.: 65.2%
Below poverty line9%U.S.: 12.5%
Unemployment2.5%U.S.: 5.2%

Is it cheaper to rent or buy in Latham?

Renting is cheaper right now: about $372 a month less.

Renting
$1,896
Owning
$2,268

Owning assumes a typical $326,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $32,690 for the down payment.

Frequently asked questions

What is the average rent in Latham, NY?

Renting in Latham costs a median of about $1,896 a month in 2026, including utilities. The New York median is $2,177.

How much do I need to make to live in Latham?

To keep rent under 30% of income, you need about $75,840 a year, or $36 an hour at a full-time job.

Is Latham cheap or expensive?

Latham is rated OK: rent takes 20.1% of the typical household income of $113,134. It ranks 132nd cheapest of 343 New York cities we track.

How much are property taxes in Latham?

The median homeowner in Latham pays $4,742 a year in property taxes, about 1.45% of the median home value.

Is Latham more expensive than the national average?

Overall prices in New York are 8% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Latham?

The median home value in Latham is $326,900, about 2.9 times the typical yearly household income.

13,802 people live in Latham. Numbers are typical (middle) values.