The cost of living in Lima, Ohio (45807) is quite affordable when compared to the rest of the United States. The average two-bedroom rental price in Lima is $910, much lower than the national average of $1,430. Additionally, grocery costs are indexed at 93 versus 100 for most other cities nationwide. This makes Lima a great place to live for those seeking an affordable lifestyle. Local businesses in Lima include S & J Cafe and Catering, Elite Electric Company, B's Pizza and Subs, Key Bank, and Centennial Terrace. In addition to these local favorites, larger companies like Walmart and Dollar Tree are also located within city limits.
Lima (zip 45807) has an unemployment rate of 5.4%. The US average is 6.0%.
Lima (zip 45807) 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 25.7%, which is lower than the US average of 33.5%.
Tax Rates for Lima (zip 45807)
- The Sales Tax Rate for Lima (zip 45807) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Lima (zip 45807) is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lima (zip 45807)
- The average income of a Lima (zip 45807) resident is $37,327 a year. The US average is $37,638 a year.
- The Median household income of a Lima (zip 45807) resident is $70,270 a year. The US average is $69,021 a year.