Lima, OK is a great place to live, offering affordable 2 bedroom rent for $620 compared to the US average of $1,430 and a Grocery Cost Index of 89 versus 100 in the US. This city is also home to many local businesses and amenities. The downtown area is full of small businesses, such as Lima's Barber Shop, Lima's Fine Dining Restaurant, Retro Ceramics, and Limco Automotive Repair shop. There are also several recreational centers including the Lima Public Library, Reed Memorial Park, and Maria's Dance Studio. Additionally, there are numerous medical facilities in Lima such as Mercy Health-St Rita's Medical Center and St Marys Medical Center. As you can see, living in Lima offers a great quality of life within an affordable cost.
Lima has an unemployment rate of 5.0%. The US average is 6.0%.
Lima has seen the job market decrease by -4.3% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.
Tax Rates for Lima
- The Sales Tax Rate for Lima is 9.8%. 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 $15,318 a year. The US average is $37,638 a year.
- The Median household income of a Lima resident is $23,750 a year. The US average is $69,021 a year.