Lima, PA Economy


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Lima, PA is a small town located in the state of Pennsylvania. It offers residents a peaceful and quiet environment, with average 2 bedroom rent cost being $1,590 - which is slightly higher than the US average of $1,430. The grocery cost index in Lima is also higher than most other places in the US at 110 compared to 100 nationally. The town has many local companies such as Lima Bank & Trust Company, Lima Tire & Auto Care Center and Lima Appliance Repair Service which offer a range of services to their customers. The town also has its own school district which prides itself on providing excellence in education for its students.

Lima has an unemployment rate of 7.1%. The US average is 6.0%.

Lima has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.

Tax Rates for Lima
- The Sales Tax Rate for Lima is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lima is 3.1%. 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 $35,804 a year. The US average is $28,555 a year.
- The Median household income of a Lima resident is $59,513 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLima, PennsylvaniaUnited States
  7.16
  -6.9%-6.2%
  27.7%33.5%
  6.0%6.2%
  3.1%4.6%
  $42,709$37,638
  $59,513$69,021
  $107,583$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  10.8%6.8%
  8.8%10.0%
  0.0%2.5%
  6.5%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  3.1%4.7%
  8.5%1.9%
  12.9%7.6%
  2.7%0.1%
  6.2%4.2%
  17.3%9.3%
  17.3%14.0%
  0.0%2.1%
  0.0%7.0%
  0.0%4.8%
  6.0%4.7%
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