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Lima, Illinois

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
224
Population
$74,375
Median Income
$88,800
Home Value
35.8
Median Age

Demographics

Lima has a population of 224 with a median age of 35.8. Here is the racial and ethnic breakdown of the population:

White
98.7%
Other
1.3%
Demographic Value
Total Population224
Median Age35.8
White98.7%
Other / Two or More Races1.3%
Lima, Illinois — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 98.7%Other: 1.3%224PopulationWhiteWhite98.7%OtherOther1.3%

Income & Economy

The median household income in Lima is $74,375, which is 7.7% below the national median of $80,610. The per capita income is $25,652. The poverty rate is 4.9%.

$74,375
Median Household Income
$25,652
Per Capita Income
4.9%
Poverty Rate

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Education

In Lima, 85.0% of residents age 25+ have a high school diploma or higher, and 5.7% hold a bachelor's degree or higher (1.4% with a graduate or professional degree).

HS Diploma+
85.0%
Bachelor's+
5.7%
Graduate+
1.4%
Education Level % of Adults (25+)
High School Diploma or Higher85.0%
Bachelor's Degree or Higher5.7%
Graduate or Professional Degree1.4%

Housing

The median home value in Lima is $88,800, below the national median of $303,400. The homeownership rate is 78.7%.

$88,800
Median Home Value
78.7%
Homeownership Rate
Housing Metric Value
Median Home Value$88,800
Homeownership Rate78.7%
Vacancy Rate9.6%

Salaries in Illinois

Explore salary data for popular occupations in Illinois:

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Other Cities in Illinois

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Frequently Asked Questions

What is the population of Lima, Illinois?
The population of Lima, Illinois is 224 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Lima, Illinois?
The median household income in Lima, Illinois is $74,375. This is 7.7% below the national median of $80,610.
What is the median home value in Lima, Illinois?
The median home value in Lima, Illinois is $88,800.
What percentage of people in Lima have a college degree?
In Lima, Illinois, 5.7% of adults age 25 and older hold a bachelor's degree or higher, and 85.0% have a high school diploma or higher.
Is Lima, Illinois an affordable place to live?
The home price-to-income ratio in Lima, Illinois is 1.2x (median home value $88,800 vs. median income $74,375), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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