Island Park, NY vs Latham, NY

The cost of living difference between Island Park, NY and Latham, NY is dramatic. Latham is 43.4% cheaper than Island Park, a gap that translates to thousands of dollars per year in household expenses. Island Park has a cost index of 146 while Latham sits at 102, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Island Park is $2,092/month compared to $1,417/month in Latham — a 48% difference. Home values follow the same pattern: Latham is more affordable at $300,300 median vs $529,000.

Median household income in Island Park is $104,657 compared to $101,580 in Latham (+3%). Island Park does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Island Park spend roughly 24% of their income on rent, more than the 16.7% in Latham.

Climate-wise, Island Park is notably warmer with an average of 54.3°F compared to 49.4°F in Latham. Island Park receives more rainfall at 43.3" per year compared to 40.7" in Latham.