Lima, MT
Population 237 · Montana
About Lima, MT
Lima is a small community located in Montana with a population of 237 residents according to the latest US Census Bureau American Community Survey data. The median household income is $53,906 per year, which is 28% below the national median of $75,149. The median age of 53 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Lima features a median home value of $183,100, which is 25% below the national median of $244,900. This positions Lima in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 158 total housing units, 94% are owner-occupied (101 units) and 6% are renter-occupied (7 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lima shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 17.7%, above the national average of 12.4%. Workers in Lima have an average one-way commute time of 6.9 minutes, one of the shorter commutes in the region.
Education & Demographics
19.6% of Lima residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
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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Cities in Montana with a similar population size.
Demographics
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Economy & Education
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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 US Census Bureau American Community Survey estimates. This makes it a small community in Montana.
What is the median household income in Lima?
The median household income in Lima, MT is $53,906 per year, which is 28% below the national median of $75,149.
What is the median home value in Lima?
The median home value in Lima, MT is $183,100, which is 25% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lima?
The median monthly rent in Lima, MT is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Lima?
The unemployment rate in Lima, MT is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lima, MT a good place to live?
Lima offers a moderate cost of living, affordable housing, and a strong job market. With a population of 237 and a median age of 53, the city appeals to established professionals and retirees.
How educated is Lima, MT?
19.6% of residents in Lima aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lima?
Key cost-of-living indicators for Lima, MT: median home value is $183,100 (25% below national), median rent is $0/month, and median household income is $53,906. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lima?
The poverty rate in Lima, MT is 17.7%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Lima, MT?
Lima's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.