No, acrylic and latex paint are not the same. While both are water-based paints, they have different chemical compositions and properties. Acrylic paint is made with acrylic polymers. Latex paint, on the other hand, is made with synthetic polymers and is known for its cost-efficience, and easy clean-up with soap and water. While the two types of paint can often be used interchangeably, there may be slight differences in application and finish.