Latham, NY

Average · 99

New York · Population 14,327 · Updated March 2026

$1,417
Median Rent / Month
$101,580
Median Income
$300,300
Median Home Value
$1,473
Owner Costs / Month

Affordability

How far your income goes in Latham

16.7%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in New York

State-level tax rates that affect your costs

10.9%
Income Tax (Top Rate)
4.0%
Sales Tax
1.62%
Property Tax Rate

Estimated Annual Costs

$17,004
Annual Rent
$11,072
State Income Tax
$4,865
Property Tax (est.)

Cost of Living Overview

Latham has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 99 (where 100 equals the national median), Latham residents can expect to pay median rent of $1,417/month while earning a median household income of $101,580/year.

The median home value in Latham, NY is $300,300, with typical monthly owner costs around $1,473 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.7% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

New York's top income tax rate of 10.9% is among the highest in the nation, adding to the overall cost burden. Combined with a 4.0% sales tax rate and 1.62% effective property tax rate, the overall tax environment is a factor in the total cost of living in Latham.

Frequently Asked Questions

Common questions about living costs in Latham

What is the cost of living in Latham, NY?
The cost of living index in Latham, NY is 99 (US average = 100). Median monthly rent is $1,417, median household income is $101,580/year, and the median home value is $300,300.
Is Latham, NY affordable?
Yes, Latham is more affordable than the national average with a cost index of 99. The rent-to-income ratio is 16.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Latham, NY?
The median gross rent in Latham, NY is $1,417 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,004.
What is the median household income in Latham?
The median household income in Latham, NY is $101,580 per year. This compares to the national median of approximately $80,000.
What are the taxes like in New York?
New York has a top income tax rate of 10.9%, a sales tax of 4.0%, and an effective property tax rate of 1.62%.