Housing costs in Lima?
A typical home costs
$231,300, which is 31.6% less expensive than the national average of
$338,100 and 44.1% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Lima costs
$970 per month, which is 32.2% more than the national average of
$1,430 and 102.1% more than the state average of
$1,960.
Can I afford Lima?
To live comfortably in Lima, New York, a minimum annual income of
$44,280 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Lima?
Living in Lima, NY is quite affordable. The cost of living index is below the national average, making it a great option for those looking to live comfortably without spending a fortune. The median home price in Lima is around $125,000 and the median household income is around $64,000, offering residents a wide range of housing choices and affordability options. In addition to relatively low housing costs, grocery stores and other goods tend to be reasonably priced in Lima as well. All things considered, living in Lima can be an affordable option for those looking for a small-town atmosphere with easy access to big city amenities.