Cost of Living in Latty, OH

With a cost of living index of 80, Latty, OH is a very affordable place to live. Living here is 20% cheaper than the national average and in line with the Ohio state average. Latty is a small community of 158 residents.

Housing costs are the biggest factor in Latty's cost of living. The median monthly rent is $1,304 (1% below the US median of $1,319), and the median home value sits at $97,500 (68% below the national median of $304,900). At current prices, the median home costs roughly 1.4x the median household income — well within traditional affordability guidelines.

The median household income in Latty is $69,167, which is 8% lower than the national median of $75,149. Residents spend roughly 23% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Latty. The area sees an average annual temperature of 50°F, with summers averaging 71°F and winters around 28°F. Annual rainfall totals 33 inches spread over roughly 127 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.