Living in Lake Lorraine, Florida
Cost of living, income, home prices, rent and demographics of Lake Lorraine · Census data 2020–2024
Lake Lorraine has 6,903 residents with a median age of 41.7. The median household income is $104,105 (40% higher than the Florida median), the median home value is $434,500, the median rent is $1,654/month.
Lake Lorraine at a glance
- Population
- 6,903
- Median age
- 41.7State: 42.6
- Median household income
- $104,105State: $74,568
- Median home value
- $434,500State: $359,000
- Median rent
- $1,654/moState: $1,669
- Homeowners
- 73.2%
- Bachelor's degree or higher
- 49.4%
- Average commute
- 21 min
Is Lake Lorraine a good place to live?
Pros: Median household income 40% higher than the Florida median; an average commute of 21 minutes; unemployment of 2.1%; a poverty rate of 6.6%.
Cons: Home values 21% higher than the state median.
The weather is best in April–May and October–November.
Cost of living in Lake Lorraine
Housing is the biggest part of the cost of living. In Lake Lorraine the median home value is $434,500, 31% higher than the U.S. median. Renters pay a median of $1,654 per month, which is 30.3% of household income. Homeowners with a mortgage pay $2,239 a month in housing costs.
Lake Lorraine median household income
The median household income in Lake Lorraine is $104,105 and the income per person is $61,680. 6.6% of residents live below the poverty line (Florida: 12.6%).
Housing in Lake Lorraine: homes for sale and rent
- Housing units
- 3,362
- Owner-occupied
- 73.2%
- Renter-occupied
- 26.8%
- Vacant
- 13.7%Includes seasonal homes
- Median year built
- 1981
- Average household size
- 2.38
Lake Lorraine demographics
- Population
- 6,903
- Median age
- 41.7
- Under 18
- 18.1%
- 65 and older
- 17.6%
- Households
- 2,902
- Foreign-born
- 6.9%
- Veterans
- 21.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Lorraine ›
Education in Lake Lorraine
49.4% of adults 25 and older in Lake Lorraine have a bachelor's degree or higher (Florida: 34.1%), and 28.1% have a graduate or professional degree.
Jobs and commute in Lake Lorraine
- Unemployment rate
- 2.1%State: 4.8%
- Average commute
- 21 minState: 28 min
- Work from home
- 8.7%
- Drive alone
- 75.1%
- Public transit
- 0%
- Walk to work
- 0.6%
- Homes with broadband
- 95.4%
Lake Lorraine vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Lorraine | 6,903 | $104,105 | $434,500 | $1,654 |
| Shalimar | 885 | $115,417 | $476,500 | $2,551 |
| Eglin AFB | 2,778 | $84,167 | — | $2,260 |
| Ocean City | 5,941 | $59,039 | $303,900 | $1,443 |
| Cinco Bayou | 609 | $84,688 | $348,800 | $1,643 |
| Fort Walton Beach | 21,025 | $68,538 | $321,800 | $1,307 |
| Wright | 27,927 | $70,195 | $306,100 | $1,621 |
| Valparaiso | 4,885 | $90,110 | $394,700 | $1,366 |
| Mary Esther | 4,061 | $76,890 | $298,900 | $1,699 |
More for people moving to Lake Lorraine
Lake Lorraine ZIP code ›Weather and climate ›Living in Lake Lorraine: FAQ
What is the median household income in Lake Lorraine, FL?
The median household income in Lake Lorraine is $104,105, 40% higher than the Florida median of $74,568 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lake Lorraine?
The median home value in Lake Lorraine is $434,500, compared with $359,000 in Florida.
How much is rent in Lake Lorraine?
The median gross rent in Lake Lorraine is $1,654 per month, about 30.3% of household income.
Is Lake Lorraine, FL a good place to live?
Pluses: median household income 40% higher than the Florida median; an average commute of 21 minutes; unemployment of 2.1%; a poverty rate of 6.6%. Minuses: home values 21% higher than the state median.
What is the median age in Lake Lorraine?
The median age in Lake Lorraine is 41.7 years (Florida: 42.6).
How long is the commute in Lake Lorraine?
The average commute to work in Lake Lorraine is 21 minutes; 8.7% of workers work from home.
What is the unemployment rate in Lake Lorraine?
The unemployment rate in Lake Lorraine is 2.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Lorraine?
49.4% of adults in Lake Lorraine have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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