Annawan, IL vs Latham, IL

Annawan is moderately more affordable than Latham, with a 9.2% lower cost of living index. Annawan scores 59 compared to 65 for Latham, where the US average is 100. This difference means residents of Latham can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Annawan is $550/month compared to $936/month in Latham — a 41% difference. Interestingly, home values tell a different story: while Annawan has cheaper rent, Latham actually has lower median home values ($79,000 vs $138,200).

Median household income in Annawan is $71,250 compared to $76,667 in Latham (-7.1%). The higher salaries in Latham partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Annawan spend roughly 9.3% of their income on rent, less than the 14.7% in Latham.