Cost of Living in Lima, IL
Population: 231 | Illinois
Lima is 19% less expensive than the national average.
Cost of Living in Lima, IL: What You Need to Know
With a cost of living index of 81, Lima, IL is a very affordable place to live. Living here is 19% cheaper than the national average and in line with the Illinois state average. Lima is a small community of 231 residents.
The median household income in Lima is $71,250, which is 5% lower than the national median of $75,149.
Climate is another factor for anyone considering a move to Lima. The area sees an average annual temperature of 53°F, with summers averaging 75°F and winters around 30°F. Annual rainfall totals 36.4 inches spread over roughly 109 days.
Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.
Income
- Median Household Income
- $71,250
- vs US Median ($75,149)
- -5%
Housing
- Median Home Value
- $89,200
- Median Monthly Housing Cost
- $675/mo
Climate in Lima
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 35 | 40 | 52 | 64 | 73 | 82 | 86 | 85 | 78 | 65 | 51 | 39 |
| Avg °F | 27 | 31 | 42 | 53 | 64 | 73 | 76 | 75 | 67 | 55 | 42 | 32 |
| Low °F | 19 | 23 | 32 | 43 | 54 | 63 | 67 | 65 | 56 | 45 | 33 | 24 |
| Rain" | 1.6 | 1.8 | 2.3 | 4.0 | 4.6 | 4.5 | 3.5 | 3.9 | 3.1 | 3.1 | 2.4 | 1.8 |