Quick facts: Lima, NY

Quick Facts

113.7
Cost of Living
above US average
4,068
Population
Crime rate Data is updating, will be available soon
Media income Data is updating, will be available soon
$299,900
Median House Price
above US average
$2943
Average Rent
above US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $0.

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Income Needed to Buy

βœ— Stretch
$94k/year
Based on $299,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $94k vs median $0
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Income Needed to Rent

⚠ Stretch
$126k/year
Based on $2943/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $126k vs median $0
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lima, NY

Lima is a small town located in Livingston County, New York, situated in the picturesque Finger Lakes region. The town has a population of around 1,000 residents and is known for its charming rural atmosphere. It boasts a rich history, with origins dating back to the early 19th century when it was primarily an agricultural community. The town features scenic landscapes, including rolling hills and beautiful farmlands, making it a perfect spot for outdoor activities like hiking and fishing in nearby lakes and parks. Lima is also home to a number of small businesses, local shops, and restaurants that celebrate the area's agricultural roots. Cultural attractions in and around Lima include the historic Lima Town Hall and various community events held throughout the year that foster a close-knit atmosphere among residents. The town is conveniently located near larger cities like Rochester, providing easy access to more extensive amenities and entertainment options. Overall, Lima is a tranquil place ideal for those seeking a slower-paced lifestyle, surrounded by natural beauty and community spirit.

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