Lima, NY is a small town located in the Finger Lakes region of New York State. The cost of living is lower than many other cities in the United States, with 2 bedroom rent averaging $970 compared to the US average of $1,430. This makes Lima an attractive option for those looking for affordable housing options. In terms of local amenities, there are plenty to choose from as Lima is home to several businesses, such as Itterly Automotive & Industrial Supply, DeRocco Insurance Agency, and Dunkirk Metal Products. Additionally, the Grocery Cost Index is just as low as anywhere else in the US at 100. With so much to offer its residents and visitors alike, Lima is certainly worth exploring!
Lima has an unemployment rate of 5.8%. The US average is 6.0%.
Lima has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 23.8%, which is lower than the US average of 33.5%.
Tax Rates for Lima
- The Sales Tax Rate for Lima is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Lima is 6.5%. 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 $24,015 a year. The US average is $28,555 a year.
- The Median household income of a Lima resident is $73,906 a year. The US average is $69,021 a year.