Living in Lima, Illinois
Cost of living, income, home prices, rent and demographics of Lima · Census data 2020–2024
Lima has 224 residents with a median age of 35.8. The median household income is $74,375 (11% lower than the Illinois median), the median home value is $88,800.
Lima is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lima at a glance
- Population
- 224
- Median age
- 35.8State: 39
- Median household income
- $74,375State: $83,390
- Median home value
- $88,800State: $263,300
- Homeowners
- 78.7%
- Bachelor's degree or higher
- 5.7%
- Average commute
- 29 min
Is Lima a good place to live?
Pros: Home values 66% lower than the state median; a poverty rate of 4.9%.
Cons: Median household income 11% lower than the Illinois median; an average commute of 29 minutes; unemployment of 15.2%.
The weather is best in June to September.
Cost of living in Lima
Housing is the biggest part of the cost of living. In Lima the median home value is $88,800, 73% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $880 a month in housing costs.
Lima median household income
The median household income in Lima is $74,375 and the income per person is $25,652. 4.9% of residents live below the poverty line (Illinois: 11.8%).
Housing in Lima: homes for sale and rent
- Housing units
- 83
- Owner-occupied
- 78.7%
- Renter-occupied
- 21.3%
- Vacant
- 9.6%Includes seasonal homes
- Median year built
- 1955
- Average household size
- 2.99
Lima demographics
- Population
- 224
- Median age
- 35.8
- Under 18
- 37.5%
- 65 and older
- 12.5%
- Households
- 75
- Foreign-born
- 0%
- Veterans
- 6.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Lima ›
Education in Lima
5.7% of adults 25 and older in Lima have a bachelor's degree or higher (Illinois: 37.8%), and 1.4% have a graduate or professional degree.
Jobs and commute in Lima
- Unemployment rate
- 15.2%State: 5.8%
- Average commute
- 29 minState: 28 min
- Work from home
- 12.4%
- Drive alone
- 83.1%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 97.3%
Lima vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lima | 224 | $74,375 | $88,800 | — |
| Ursa | 726 | $64,375 | $161,900 | $823 |
| Mendon | 1,167 | $65,781 | $111,600 | $667 |
| Loraine | 341 | $58,750 | $83,600 | $673 |
| Canton | 2,752 | $55,357 | $117,900 | $563 |
| La Grange | 1,033 | $58,456 | $92,000 | $641 |
| West Point | 201 | $64,375 | $39,300 | — |
| Warsaw | 1,518 | $58,750 | $96,100 | $838 |
| Alexandria | 103 | $33,333 | $43,500 | — |
More for people moving to Lima
Lima ZIP code ›Weather and climate ›Living in Lima: FAQ
What is the median household income in Lima, IL?
The median household income in Lima is $74,375, 11% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lima?
The median home value in Lima is $88,800, compared with $263,300 in Illinois.
Is Lima, IL a good place to live?
Pluses: home values 66% lower than the state median; a poverty rate of 4.9%. Minuses: median household income 11% lower than the Illinois median; an average commute of 29 minutes; unemployment of 15.2%.
What is the median age in Lima?
The median age in Lima is 35.8 years (Illinois: 39).
How long is the commute in Lima?
The average commute to work in Lima is 29 minutes; 12.4% of workers work from home.
What is the unemployment rate in Lima?
The unemployment rate in Lima is 15.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lima?
5.7% of adults in Lima have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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