Cost of Living in Lima, NY
Housing
The housing market plays a significant role in determining the cost of living in Lima, NY.
- Housing Index: 118.8 / 100
- Median Home Price is: Data is updating
- Average Rent (2 BR Apartment): $2943 per month
- Average Rent (2 BR House): $3199 per month
In analyzing the housing situation in Lima, NY, it's clear that the census data presents an unusual trend with a housing index of 118.8, alongside a median home price of 0. The average rent for a 2-bedroom apartment and house showcase figures of 2943 and 3199 respectively, which can suggest potential gaps in available rental options. When considering a move, it's crucial to validate these figures against local market conditions and explore other living costs to ensure affordability. Remember, local factors such as jobs, schools, and amenities are equally important to factor into your decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lima, NY.
- Electricity Price: $26.08 USD (median by state)
- Natural Gas Price: $18.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $259 per month
Living in Lima, NY could entail higher utility costs. Electricity costs sit at $26.08, while natural gas is priced at $18.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $259 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.