Lima, MT
Population 237 · Montana
About Lima, MT
Lima is a small community in Montana with a population of 237 residents. The median household income is $53,906 per year, which is near the national average. The median age in Lima is 53 years.
Housing in Lima has a median home value of $183,100 and median monthly rent of $0. Of the 158 total housing units, the majority are owner-occupied, with 101 owner-occupied and 7 renter-occupied units.
The unemployment rate in Lima is 0.0% and the poverty rate is 17.7%. 19.6% of residents hold a bachelor's degree or higher. The average commute time is 6.9 minutes.
Cost of Living in Lima, MT
Compared to national averages, Lima has a median household income of $53,906 (28% below the national median of $75,149). Home values average $183,100, which is 25% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Montana, Lima's income is 18% below the state average of $65,821, and home values are 37% below the state median of $288,703.
Why Live in Lima, MT?
Lima offers affordable housing with a median home value of $183,100, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 6.9 minutes.
Potential considerations include median household income ($53,906) 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 237 with a median age of 53 years. Compare Lima with other cities to see how it stacks up, or explore all cities in Montana.
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Other Cities in Montana
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, MT?
The population of Lima, MT is 237 according to the latest Census data.
What is the median household income in Lima?
The median household income in Lima, MT is $53,906 per year.
What is the median home value in Lima?
The median home value in Lima, MT is $183,100.
What is the average rent in Lima?
The median monthly rent in Lima, MT is $0.
What is the unemployment rate in Lima?
The unemployment rate in Lima, MT is 0.0%.