Housing costs in Lima?
A typical home costs
$110,800, which is 67.2% less expensive than the national average of
$338,100 and 54.2% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Lima costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 51.8% cheaper than the state average of
$1,260.
Can I afford Lima?
To live comfortably in Lima, Illinois, a minimum annual income of
$21,240 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Lima?
Lima, IL has an affordable cost of living compared to the US average. According to BestPlaces's Cost of Living Index, the cost of groceries in Lima is 8% lower than the national average, while housing costs are 5% lower. The overall cost of living index is 77.7, which is 22.3% lower than the US average of 100. This means that residents in Lima can enjoy a comfortable lifestyle without spending too much on daily expenses and rent costs.