Lima is typical of many Midwestern cities in that it has struggled through recent decades and seen declines in many areas. Though the city was once a major hub for manufacturing neon signs, automotive parts and steam locomotives, these areas are no longer as prominent as they once were. The oil and gas industry is gaining a foothold here, but it doesn't yet provide many Lima jobs. The population of 38,647 in Lima has declined nearly five percent since 2000.
One of the greatest selling points for Lima is its low cost of living. Living expenses here are 20 percent lower than the national average. This is driven primarily by extremely low housing costs. Homes in Lima are 72 percent cheaper than the United States average. The median home cost in Lima is just $46,900 and a two bedroom house or apartment rents for about $658 a month. Many of these homes are older, though. The median home age here is 60 years.
Lima Job Opportunities
Lima's biggest industries are healthcare, accommodation and food services, transportation equipment, metal and metal products and manufacturing. Major employers who supply a large number of Lima, OH jobs include St. Rita's Medical Center, the Lima Memorial Health System, Ford Motor Co, General Dynamics Land Systems Division and Roundy's Ohio Division. About a quarter of the jobs in Lima are in sales, office and administrative support. Another 21 percent of jobs in Lima, OH are in production, transportation and material moving.
Just 10 percent of Lima residents have a bachelors degree or better. This gives those with a college education a major advantage in the job market. Common Lima jobs where applicants will need a college degree include registered nurse, teacher, medical and health services manager, sales representative, HR representative, industrial engineer and pharmacist.
Lima Employment Trends
The unemployment rate in Lima is on par with the national average at 6.3 percent. Recent job growth is just 0.56 percent, but future job growth is projected at 34.8 percent. The average household income in Lima is $27,493. However, this salary will go much farther here than in other cities thanks to the extremely low cost of living.
For an affordable hometown and central location in the Midwest, Lima is a prime choice. Job seekers who can't find their ideal employment in Lima can also explore job opportunities in nearby cities like Wapakoneta, which offers a commute of less than 30 minutes.