Latimer, IA

Full City Profile · Iowa · Franklin County County

3.7 /5.0
B+ Good
763 Population 318/sq mi density
$71,250 Median Income $24,102 per capita
$101,500 Home Value $148,982 Zillow
$1,020 Median Rent 14.1% income on rent
47°F Avg Temperature
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$71,250 median income, 2.4% unemployment
A+
Affordability
5.0 / 5.0
$101,500 home value, $1,020/mo rent
C+
Education
2.6 / 5.0
20.5% bachelor's degree or higher

Latimer, IA

At a Glance

Median Income
$71,250
5% below
$24,102 per capita
Home Value
$101,500
64% below
Zillow: $148,982
Median Rent
$1,020/mo
12% below
14.1% of income on rent
Bachelor's Degree+
20.5%
39% below
77.5% high school+
Unemployment
2.4%
33% below
23.9% poverty rate
Obesity Rate
40.8%
27% above
15.0% smoking rate
Avg Temperature
47°F

How Latimer Compares to the U.S. Average

Each bar shows Latimer's value as a percentage of the national average (100% = U.S. avg)

Income
95%
Home Value
36%
Rent
88%
Poverty
193%
Bachelor's
61%
Unemployment
67%
Thin vertical line = U.S. national average (100%)

Is Latimer a Good Place to Live?

B+
3.7 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Latimer residents earn a median household income of $71,250 , which is 5% below the national average of $75,149. Per capita income is $24,102. The unemployment rate stands at 2.4% (33% below the U.S. rate of 3.6%). 23.9% of residents live below the poverty line. The area is home to 364 business establishments, including 15 restaurants.

Housing & Cost of Living

The median home value in Latimer is $101,500 , 64% below the national median of $281,900. Zillow estimates the typical home at $148,982. Median rent is $1,020/month, with 14.1% of renters spending more than 30% of income on housing. The cost of living index is 87.8 (100 = national average). The median home was built in 1956.

Education

20.5% of adults in Latimer hold a bachelor's degree or higher (39% below the national average). 77.5% have completed high school. Local schools score 5.4/10 in standardized testing.

Climate & Weather

Latimer has an average annual temperature of 47°F (8°C). Winters average 17°F in January while summers reach 73°F in July. Annual precipitation totals 38.1 inches.

Data Overview

People

Population763
Median Age33.5 yrs
Density318/mi²
Male / Female51% / 49%
Foreign Born17.3%
Veterans0.8%

Economy

B+
Median Income$71,250
Per Capita$24,102
Unemployment2.4%
Poverty23.9%
County GDP$790M
Avg Weekly Wage$1,024

Housing

A+
Home Value$101,500
Rent$1,020
Ownership56.8%
Zillow$148,982
Housing Units296
Rent Burden14.1%

Health

Obesity40.8%
Diabetes11.2%
Smoking15.0%
Heart Disease5.5%
Premature Death9,806/100K

Climate

Avg Temp47°F
Rain38.1 in/yr
Elevation1,238 ft

Education

C+
Bachelor's+20.5%
High School+77.5%
Graduate+3.4%
School Score5.4/10

Community

2024 VoteR 70% / D 29%
Commute21 min
Broadband71.6%
Internet Speed63 Mbps
EV Stations1
Libraries4

Did You Know?

Latimer was founded in 1882.
The median home in Latimer was built in 1956.
The nearest airport is Northeast Iowa Regional (44 miles).
The Gini coefficient (income inequality) is 0.421 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
7.5% of the population has a disability.
17.3% of residents are foreign-born.