Cost of Living in Lima, OH
Housing
The housing market plays a significant role in determining the cost of living in Lima, OH.
- Housing Index: 91.8 / 100
- Median Home Price is: $84,800
- Average Rent (2 BR Apartment): $1363 per month
- Average Rent (2 BR House): $1481 per month
In Lima, OH, the population of reveals a vibrant community with a median age of , indicating a youthful demographic. However, with a median income of and a poverty level of %, financial challenges are evident. The unemployment rate of % suggests potential job market concerns, which could impact families; only % of households are constituted by married couples. For those considering a move, it is essential to weigh these economic factors against lifestyle offerings, as you navigate your decision for a new home.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lima, OH.
- Electricity Price: $15.92 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $229 per month
Living in Lima, OH could entail higher utility costs. Electricity costs sit at $15.92, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $229 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.