Lima, NY
Population 2,188 · New York
About Lima, NY
Lima is a small town located in New York with a population of 2,188 residents according to the latest US Census Bureau American Community Survey data. The median household income is $85,469 per year, which is 14% above the national median of $75,149. The median age of 31.5 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Lima features a median home value of $195,400, which is 20% 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 $815, 30% below the national average of $1,163/month. Of the 837 total housing units, 77% are owner-occupied (593 units) and 23% are renter-occupied (176 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lima shows an unemployment rate of 2.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lima have an average one-way commute time of 21.6 minutes.
Education & Demographics
41.8% of Lima residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.4% White, 0.8% Hispanic or Latino, 5.5% Black or African American, and 2.5% Asian residents, with 3.7% of the population being foreign-born.
Cost of Living in Lima, NY
Compared to national averages, Lima has a median household income of $85,469 (14% above the national median of $75,149). Home values average $195,400, which is 20% below the national median. Monthly rent at $815 is 30% below the US average of $1,163. Within New York, Lima's income is 12% below the state average of $96,987, and home values are 50% below the state median of $387,181.
Why Live in Lima, NY?
Lima offers a strong local economy with a median household income of $85,469, well above the national average, and affordable housing with a median home value of $195,400, below the US average of $244,900, and rent that’s lower than the national average at $815/month. Additionally, the city features a strong job market with an unemployment rate of just 2.1%, and a well-educated community where 41.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.7%, better than the national average, and short commute times averaging just 21.6 minutes.
Lima has a population of 2,188 with a median age of 31.5 years. Compare Lima with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Lima
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Caledonia | 2,193 | $89,583 | $169,700 | Compare |
| Fishkill | 2,193 | $94,348 | $280,400 | Compare |
| Bellerose Terrace | 2,180 | $160,443 | $562,700 | Compare |
| Fort Montgomery | 2,198 | $80,946 | $347,200 | Compare |
| Ontario | 2,176 | $52,625 | $189,400 | Compare |
| Pulaski | 2,202 | $62,733 | $151,200 | Compare |
| Barnum Island | 2,173 | $118,160 | $680,500 | Compare |
| Greenport West | 2,170 | $74,432 | $770,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lima With Other Cities
Frequently Asked Questions about Lima
What is the population of Lima, NY?
The population of Lima, NY is 2,188 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Lima?
The median household income in Lima, NY is $85,469 per year, which is 14% above the national median of $75,149.
What is the median home value in Lima?
The median home value in Lima, NY is $195,400, which is 20% 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, NY is $815, which is 30% below the national average of $1,163/month.
What is the unemployment rate in Lima?
The unemployment rate in Lima, NY is 2.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lima, NY a good place to live?
Lima offers above-average incomes, affordable housing, and a strong job market. With a population of 2,188 and a median age of 31.5, the city appeals to young professionals and families.
How educated is Lima, NY?
41.8% of residents in Lima aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lima?
Key cost-of-living indicators for Lima, NY: median home value is $195,400 (20% below national), median rent is $815/month, and median household income is $85,469. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lima?
The poverty rate in Lima, NY is 4.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lima, NY?
Lima's population is 0.4% White, 0.8% Hispanic or Latino, 5.5% Black or African American, 2.5% Asian, and 1.1% two or more races. 3.7% of residents are foreign-born.