Housing costs in Lima?
A typical home costs
$121,700, which is 64.0% less expensive than the national average of
$338,100 and 38.2% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Lima costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 18.1% cheaper than the state average of
$980.
Can I afford Lima?
To live comfortably in Lima, Ohio, a minimum annual income of
$23,400 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Lima?
Lima, OH is an affordable place to live for a variety of households. The cost of living index in Lima is around 84, which is below the national average of 100. Housing expenses are particularly low when compared to other parts of the country, with most residents spending around 20 percent less on housing than the national average. Additionally, groceries and other everyday items are also typically cheaper in Lima than in other cities. This makes it possible for many families to live comfortably within their budget.