Lima, OH vs Springfield, OH

Lima, OH and Springfield, OH have a very similar cost of living, with only a 0.7% difference in their overall index. Lima scores 65 while Springfield scores 64 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 $805/month in Springfield — a 8% difference. Interestingly, home values tell a different story: while Springfield has cheaper rent, Lima actually has lower median home values ($95,900 vs $107,600).

Median household income in Lima is $43,370 compared to $45,883 in Springfield (-5.5%). Springfield offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Lima spend roughly 23.9% of their income on rent, more than the 21.1% in Springfield.