Lima, IL
Population 231 · Illinois
About Lima, IL
Lima is a small community in Illinois with a population of 231 residents. The median household income is $71,250 per year, which is above the national average. The median age in Lima is 35.1 years.
Housing in Lima has a median home value of $89,200 and median monthly rent of $0. Of the 83 total housing units, the majority are owner-occupied, with 58 owner-occupied and 17 renter-occupied units.
The unemployment rate in Lima is 11.9% and the poverty rate is 6.1%. 5.0% of residents hold a bachelor's degree or higher. The average commute time is 28.4 minutes.
Cost of Living in Lima, IL
Compared to national averages, Lima has a median household income of $71,250 (5% below the national median of $75,149). Home values average $89,200, which is 64% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Illinois, Lima's income is 5% below the state average of $75,072, and home values are 46% below the state median of $165,779.
Why Live in Lima, IL?
Lima offers affordable housing with a median home value of $89,200, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a low poverty rate of 6.1%, better than the national average.
Potential considerations include median household income ($71,250) that falls below the national average. However, Lima’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lima has a population of 231 with a median age of 35.1 years. Compare Lima with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Lima
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Coatsburg | 230 | $68,750 | $69,500 | Compare |
| Pulaski | 230 | $31,290 | $84,400 | Compare |
| Cave-In-Rock | 229 | $26,563 | $0 | Compare |
| Ellsworth | 229 | $73,438 | $123,500 | Compare |
| New Holland | 229 | $88,125 | $81,500 | Compare |
| Palmer | 233 | $52,917 | $80,400 | Compare |
| Parkersburg | 233 | $42,417 | $54,300 | Compare |
| Long Point | 228 | $46,786 | $84,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Lima
What is the population of Lima, IL?
The population of Lima, IL is 231 according to the latest Census data.
What is the median household income in Lima?
The median household income in Lima, IL is $71,250 per year.
What is the median home value in Lima?
The median home value in Lima, IL is $89,200.
What is the average rent in Lima?
The median monthly rent in Lima, IL is $0.
What is the unemployment rate in Lima?
The unemployment rate in Lima, IL is 11.9%.