Latham, IL vs South Pekin, IL

Latham, IL and South Pekin, IL have a very similar cost of living, with only a 4.7% difference in their overall index. Latham scores 65 while South Pekin scores 62 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Latham is $936/month compared to $741/month in South Pekin — a 26% difference. Interestingly, home values tell a different story: while South Pekin has cheaper rent, Latham actually has lower median home values ($79,000 vs $106,000).

Median household income in Latham is $76,667 compared to $64,750 in South Pekin (+18.4%). While Latham is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Latham spend roughly 14.7% of their income on rent, more than the 13.7% in South Pekin.

Climate-wise, both cities share similar average temperatures (53.1°F vs 52.7°F). South Pekin receives more rainfall at 37.6" per year compared to 36.4" in Latham.