The housing market plays a significant role in determining the cost of living in Lima, OH.
In Lima, OH, the population of reveals a vibrant community with a median age of , indicating a youthful demographic. However, with a median income of and a poverty level of %, financial challenges are evident. The unemployment rate of % suggests potential job market concerns, which could impact families; only % of households are constituted by married couples. For those considering a move, it is essential to weigh these economic factors against lifestyle offerings, as you navigate your decision for a new home.
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lima, OH.
Living in Lima, OH could entail higher utility costs. Electricity costs sit at 15.92, while natural gas is priced at None per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 150 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.
The cost of living index is a widely used metric to determine the relative affordability of cities and towns.
The median income is an important factor to consider when evaluating the affordability of a city or town.
Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.
When considering a move to Lima, OH, consider the following factors: