Lima, MT is a small rural town with a population of roughly 200 people. It is located in Ravalli County and is known for its natural beauty and strong sense of community. The cost of living in Lima, MT is quite affordable, with a two bedroom apartment renting for $810 per month compared to the US average of $1,430 per month. Groceries are also very affordable when compared to the US average, with the grocery cost index at 98 versus the national index of 100. Lima has several local businesses such as Take 2 Cabinets & Woodworks which proudly provides custom cabinet design and construction services, along with Garden Valley Market for groceries and other supplies. For recreation there are many outdoor activities to enjoy including fishing on nearby Rock Creek or visiting one of the many public parks like Asher Park to take a stroll or relax in nature.
Lima has an unemployment rate of 3.5%. The US average is 6.0%.
Lima has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Lima
- The Sales Tax Rate for Lima is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Lima is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lima
- The average income of a Lima resident is $19,358 a year. The US average is $28,555 a year.
- The Median household income of a Lima resident is $46,364 a year. The US average is $69,021 a year.