Lima, OH Cost Of Living
Cost Of Living In Lima, OH Summary
Cost of living in Lima research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Lima is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Ohio, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Lima is 83, with 100 being the average.
The cost of living index in Lima is 0.8x lower than the national average.
Lima ranks as the #30 cheapest in Ohio out of 286.
Lima ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Lima is $71,900.
The median income in Lima is $37,668.
Table Of Contents
Lima's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Lima, OH?
According to the most recent data on the cost of living, Lima has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Ohio, Lima has a cost of living index that's 0.9x lower than Ohio's index of 91.
The standard of living in Lima ranks as #30 most affordable out of the 286 places we measured in Ohio. By definition, that implies Lima ranks as the #256 most expensive place in the Buckeye State.
For more reading on life in Lima, check out:
- Living In Lima
- Lima Crime Report
- Search Homes For Sale In Lima, OH
In Ohio
In America
Lima Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in Lima. Here is how it fairs on each of the criteria:
The Services index in Lima is 97.
The Groceries index in Lima is 96.
The Health index in Lima is 112.
The Housing index in Lima is 46.
The Transportation index in Lima is 109.
The Utilities index in Lima is 86.
| Living Expense | Lima | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 83 | 91 | 100 | |
| Services | 97 | 98 | 100 | |
| Groceries | 96 | 101 | 100 | |
| Health | 112 | 95 | 100 | |
| Housing | 46 | 73 | 100 | |
| Transportation | 109 | 98 | 100 | |
| Utilities | 86 | 93 | 100 | |
Lima, OH Housing Cost Breakdown
Housing swings affordability the most between places in Ohio, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Lima is $71,900.
The Median Rent in Lima is $729.
The Median Income in Lima is $37,668.
The Home Value To Income in Lima is 1.9x.
The Rent To Monthly Income in Lima is 0.23x.
| Statistic | Lima | Ohio | United States |
|---|---|---|---|
| Median Home Value | $71,900 | $159,900 | $244,900 |
| Median Rent | $729 | $870 | $1,163 |
| Median Income | $37,668 | $61,938 | $69,021 |
| Home Value To Income | 1.9x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Lima, OH Costs By Category
Detailed Lima Services Costs Vs. Ohio
Detailed Lima Groceries Costs Vs. Ohio
Detailed Lima Health Costs Vs. Ohio
Detailed Lima Transportation Costs Vs. Ohio
Detailed Lima Utilities Costs Vs. Ohio
Lima SnackAbility
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Cost Of Living In Cities Around Lima
The cost of living varies in the cities and towns around Lima. Here's a quick look at the cost of living in the most populous nearby places:
Findlay, OH has a cost of living index of 87, 1.0x Lima.
Troy, OH has a cost of living index of 92, 1.1x Lima.
Defiance, OH has a cost of living index of 85, 1.0x Lima.
| City | Population | Cost Of Living | Vs. Lima |
|---|---|---|---|
| Findlay, OH | 40,323 | 87 | 1.0x |
| Troy, OH | 26,093 | 92 | 1.1x |
| Defiance, OH | 17,155 | 85 | 1.0x |
| Celina, OH | 10,890 | 87 | 1.0x |
| Wapakoneta, OH | 9,921 | 86 | 1.0x |
| St. Marys, OH | 8,311 | 88 | 1.1x |
| Delphos, OH | 7,165 | 87 | 1.0x |
| Upper Sandusky, OH | 6,561 | 87 | 1.0x |
| Fort Shawnee, OH | 6,292 | 90 | 1.1x |
| Ada, OH | 5,187 | 84 | 1.0x |
