Lima, OH is an attractive city for those looking for a cost-effective place to live. The average two-bedroom rent in Lima is much lower than the national average at $830 per month. Additionally, the grocery cost index in Lima is 88 compared to the US average of 100, which further contributes to why it's such an appealing city.
The city of Lima also provides plenty of entertainment for its many residents; some local companies that offer activities are The Ohio Theater, which hosts a variety of concerts and events throughout the year; Dining Out Downtown Lima offers food tastings from different restaurants in the area; and EXCITE Entertainment has family-friendly activities such as laser tag, mini golf, go-karts, bumper cars and more. All these attractions make Lima an ideal location for those looking to save money while enjoying all of what the city has to offer.
Lima has an unemployment rate of 6.8%. The US average is 6.0%.
Lima has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 22.9%, which is lower than the US average of 33.5%.
Tax Rates for Lima
- The Sales Tax Rate for Lima is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Lima is 5.0%. 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 $15,264 a year. The US average is $28,555 a year.
- The Median household income of a Lima resident is $37,668 a year. The US average is $69,021 a year.