Living in Lorain, Ohio
Cost of living, income, home prices, rent and demographics of Lorain · Census data 2020–2024
Lorain has 65,395 residents with a median age of 39.8. The median household income is $48,685 (32% lower than the Ohio median), the median home value is $139,200, the median rent is $887/month.
Lorain at a glance
- Population
- 65,395
- Median age
- 39.8State: 39.7
- Median household income
- $48,685State: $71,389
- Median home value
- $139,200State: $214,800
- Median rent
- $887/moState: $1,034
- Homeowners
- 57.1%
- Bachelor's degree or higher
- 14.8%
- Average commute
- 25 min
Is Lorain a good place to live?
Pros: Home values 35% lower than the state median.
Cons: Median household income 32% lower than the Ohio median; an average commute of 25 minutes; unemployment of 6.3%; a poverty rate of 25.2%.
The weather is best in June to September.
Cost of living in Lorain
Housing is the biggest part of the cost of living. In Lorain the median home value is $139,200, 58% lower than the U.S. median. Renters pay a median of $887 per month, which is 32.5% of household income. Homeowners with a mortgage pay $1,218 a month in housing costs.
Lorain median household income
The median household income in Lorain is $48,685 and the income per person is $27,589. 25.2% of residents live below the poverty line (Ohio: 13.3%).
Housing in Lorain: homes for sale and rent
- Housing units
- 30,624
- Owner-occupied
- 57.1%
- Renter-occupied
- 42.9%
- Vacant
- 10.3%Includes seasonal homes
- Median year built
- 1961
- Average household size
- 2.36
Lorain demographics
- Population
- 65,395
- Median age
- 39.8
- Under 18
- 23.5%
- 65 and older
- 17.6%
- Households
- 27,460
- Foreign-born
- 2.7%
- Veterans
- 7.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Lorain ›
Education in Lorain
14.8% of adults 25 and older in Lorain have a bachelor's degree or higher (Ohio: 31.5%), and 4.5% have a graduate or professional degree.
Jobs and commute in Lorain
- Unemployment rate
- 6.3%State: 4.8%
- Average commute
- 25 minState: 23 min
- Work from home
- 6.7%
- Drive alone
- 79.6%
- Public transit
- 0.2%
- Walk to work
- 0.6%
- Homes with broadband
- 83.3%
Lorain vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lorain | 65,395 | $48,685 | $139,200 | $887 |
| Amherst | 12,906 | $90,725 | $239,200 | $906 |
| Sheffield | 4,380 | $107,837 | $292,700 | $1,806 |
| Sheffield Lake | 8,966 | $69,632 | $167,000 | $1,054 |
| Elyria | 53,035 | $54,945 | $156,100 | $906 |
| South Amherst | 1,912 | $86,194 | $195,800 | $1,294 |
| Vermilion | 10,343 | $69,701 | $183,600 | $1,099 |
| North Ridgeville | 36,627 | $96,698 | $270,100 | $1,116 |
| Avon | 25,317 | $135,915 | $395,900 | $1,796 |
More for people moving to Lorain
Lorain ZIP code ›Weather and climate ›Living in Lorain: FAQ
What is the median household income in Lorain, OH?
The median household income in Lorain is $48,685, 32% lower than the Ohio median of $71,389 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lorain?
The median home value in Lorain is $139,200, compared with $214,800 in Ohio.
How much is rent in Lorain?
The median gross rent in Lorain is $887 per month, about 32.5% of household income.
Is Lorain, OH a good place to live?
Pluses: home values 35% lower than the state median. Minuses: median household income 32% lower than the Ohio median; an average commute of 25 minutes; unemployment of 6.3%; a poverty rate of 25.2%.
What is the median age in Lorain?
The median age in Lorain is 39.8 years (Ohio: 39.7).
How long is the commute in Lorain?
The average commute to work in Lorain is 25 minutes; 6.7% of workers work from home.
What is the unemployment rate in Lorain?
The unemployment rate in Lorain is 6.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lorain?
14.8% of adults in Lorain 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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