Lima, OH vs Lorain, OH

Lima, OH and Lorain, OH have a very similar cost of living, with only a 4.9% difference in their overall index. Lima scores 65 while Lorain scores 68 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Lima is $865/month compared to $839/month in Lorain — a 3% difference. Interestingly, home values tell a different story: while Lorain has cheaper rent, Lima actually has lower median home values ($95,900 vs $123,500).

Median household income in Lima is $43,370 compared to $45,799 in Lorain (-5.3%). While Lorain is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lima spend roughly 23.9% of their income on rent, more than the 22% in Lorain.

Climate-wise, both cities share similar average temperatures (51.4°F vs 50.2°F). Lorain receives more rainfall at 36.7" per year compared to 35.8" in Lima.