Lima, Ohio is located in Allen County in the northwestern part of the state. The area is known for its vibrant economy and numerous large local companies, including Superior Industries International, American Trim LLC, Honda of America, Marathon Petroleum Corporation and NiSource Inc. Aside from its strong industrial base, Lima also offers a variety of recreational activities and attractions. The famous Allen County Fairgrounds are situated here, offering visitors a wide range of events throughout the year. There are also two golf courses in the area – the Lost Creek Golf Course and the Stillwater Valley Golf Course – as well as several museums and parks to explore. With housing costs that are about 40 percent lower than the US average and grocery costs that are 10 points lower than the national index, Lima is an attractive location for people looking for affordable living conditions.
Lima Metro Area has an unemployment rate of 5.4%. The US average is 6.0%.
Lima Metro Area 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 25.7%, which is lower than the US average of 33.5%.
Tax Rates for Lima Metro Area
- The Sales Tax Rate for Lima Metro Area is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Lima Metro Area 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 Metro Area
- The average income of a Lima Metro Area resident is $28,671 a year. The US average is $37,638 a year.
- The Median household income of a Lima Metro Area resident is $55,114 a year. The US average is $69,021 a year.