Cost of Living in Lima, MT: What You Need to Know

With a cost of living index of 88, Lima, MT is a very affordable place to live. Living here is 12% cheaper than the national average and in line with the Montana state average. Lima is a small community of 237 residents.

The median household income in Lima is $53,906, which is 28% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Lima. The area sees an average annual temperature of 38.7°F, with summers averaging 59°F and winters around 19°F. Annual rainfall totals 10.1 inches spread over roughly 102 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

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.

Housing

Median Home Value

$183,100

Median Monthly Housing Cost

$700/mo

Climate in Lima

NOAA 30-year normals (1991-2020)

38.7°F

Avg Temperature

10.1"

Rainfall / Year

102d

Rainy Days / Year

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
High °F	28	32	41	50	60	69	81	79	69	53	39	28
Avg °F	18	20	29	38	47	54	62	61	52	39	27	18
Low °F	8	9	18	26	33	39	44	42	35	25	15	7
Rain"	0.3	0.6	0.6	1.0	1.6	1.8	0.6	0.7	0.9	0.9	0.5	0.7

Cost of Living in Lima, MT