Cost of Living in Lima, MT
Housing
The housing market plays a significant role in determining the cost of living in Lima, MT.
- Housing Index: 102 / 100
- Median Home Price is: $190,000
- Average Rent (2 BR Apartment): $1535 per month
- Average Rent (2 BR House): $1668 per month
When considering a move to Lima, MT, the real estate market appears intriguing. With a median home price of $190000, it presents an affordable entry point for homeowners, especially given the current national trends of rising costs. However, the absence of data for the housing index and average rents for 2BR apartments and houses indicates potential volatility or limited rental inventory. This can impact your overall budget and housing choices. It's crucial to research local employment opportunities and the overall economy in Lima to ensure a wise investment in your living situation.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lima, MT.
- Electricity Price: $13.58 USD (median by state)
- Natural Gas Price: $8.31 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $233 per month
Living in Lima, MT could entail higher utility costs. Electricity costs sit at $13.58, while natural gas is priced at $8.31 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $233 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Lima is a financially viable option for your relocation.