Living in Lima, Montana
Cost of living, income, home prices, rent and demographics of Lima · Census data 2020–2024
Lima has 218 residents with a median age of 54. The median household income is $53,871 (26% lower than the Montana median), the median home value is $189,100.
Lima is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lima at a glance
- Population
- 218
- Median age
- 54State: 40.4
- Median household income
- $53,871State: $72,509
- Median home value
- $189,100State: $375,800
- Homeowners
- 94.2%
- Bachelor's degree or higher
- 20.1%
- Average commute
- 5 min
Is Lima a good place to live?
Pros: Home values 50% lower than the state median; an average commute of 5 minutes.
Cons: Median household income 26% lower than the Montana median; a poverty rate of 18.8%.
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 $189,100, 43% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,196 a month in housing costs.
Lima median household income
The median household income in Lima is $53,871 and the income per person is $26,604. 18.8% of residents live below the poverty line (Montana: 11.5%).
Housing in Lima: homes for sale and rent
- Housing units
- 160
- Owner-occupied
- 94.2%
- Renter-occupied
- 5.8%
- Vacant
- 35%Includes seasonal homes
- Median year built
- 1964
- Average household size
- 2.10
35% of homes are vacant most of the year, a sign that Lima has many vacation and second homes.
Lima demographics
- Population
- 218
- Median age
- 54
- Under 18
- 16.1%
- 65 and older
- 37.6%
- Households
- 104
- Foreign-born
- 0%
- Veterans
- 15.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Lima ›
Education in Lima
20.1% of adults 25 and older in Lima have a bachelor's degree or higher (Montana: 35.2%), and 7.9% have a graduate or professional degree.
Jobs and commute in Lima
- Unemployment rate
- 0%State: 3.6%
- Average commute
- 5 minState: 19 min
- Work from home
- 9.2%
- Drive alone
- 76.3%
- Public transit
- 0%
- Walk to work
- 14.5%
- Homes with broadband
- 74%
Lima vs nearby towns
More for people moving to Lima
Lima ZIP code ›Weather and climate ›Living in Lima: FAQ
What is the median household income in Lima, MT?
The median household income in Lima is $53,871, 26% lower than the Montana median of $72,509 (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 $189,100, compared with $375,800 in Montana.
Is Lima, MT a good place to live?
Pluses: home values 50% lower than the state median; an average commute of 5 minutes. Minuses: median household income 26% lower than the Montana median; a poverty rate of 18.8%.
What is the median age in Lima?
The median age in Lima is 54 years (Montana: 40.4).
How long is the commute in Lima?
The average commute to work in Lima is 5 minutes; 9.2% of workers work from home.
What is the unemployment rate in Lima?
The unemployment rate in Lima is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lima?
20.1% 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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