Living in Loretto, Pennsylvania
Cost of living, income, home prices, rent and demographics of Loretto · Census data 2020–2024
Loretto has 1,420 residents with a median age of 20.5. The median household income is $63,929 (18% lower than the Pennsylvania median), the median home value is $204,300.
Loretto is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Loretto at a glance
- Population
- 1,420
- Median age
- 20.5State: 40.9
- Median household income
- $63,929State: $77,971
- Median home value
- $204,300State: $254,500
- Homeowners
- 75.5%
- Bachelor's degree or higher
- 51.3%
- Average commute
- 13 min
Is Loretto a good place to live?
Pros: Home values 20% lower than the state median; an average commute of 13 minutes.
Cons: Median household income 18% lower than the Pennsylvania median; unemployment of 8.4%; a poverty rate of 36.4%.
The weather is best in June to September.
Cost of living in Loretto
Housing is the biggest part of the cost of living. In Loretto the median home value is $204,300, 39% lower than the U.S. median. Renters pay a median of — per month, which is 29.2% of household income. Homeowners with a mortgage pay $1,517 a month in housing costs.
Loretto median household income
The median household income in Loretto is $63,929 and the income per person is $9,191. 36.4% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Loretto: homes for sale and rent
- Housing units
- 186
- Owner-occupied
- 75.5%
- Renter-occupied
- 24.5%
- Vacant
- 45.2%Includes seasonal homes
- Median year built
- 1956
- Average household size
- 2.19
45.2% of homes are vacant most of the year, a sign that Loretto has many vacation and second homes.
Loretto demographics
- Population
- 1,420
- Median age
- 20.5
- Under 18
- 2.6%
- 65 and older
- 4.3%
- Households
- 102
- Foreign-born
- 6.1%
- Veterans
- 0.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Loretto ›
Education in Loretto
51.3% of adults 25 and older in Loretto have a bachelor's degree or higher (Pennsylvania: 35.2%), and 20.9% have a graduate or professional degree.
Jobs and commute in Loretto
- Unemployment rate
- 8.4%State: 5.3%
- Average commute
- 13 minState: 26 min
- Work from home
- 6.2%
- Drive alone
- 57.3%
- Public transit
- 0%
- Walk to work
- 30.3%
- Homes with broadband
- 78.4%
Loretto vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Loretto | 1,420 | $63,929 | $204,300 | — |
| Allegheny | 2,765 | $90,809 | $249,600 | $588 |
| Sankertown | 682 | $71,116 | $164,000 | $719 |
| Munster | 698 | $93,281 | $227,800 | $650 |
| Cresson | 1,475 | $55,850 | $131,500 | $697 |
| Gallitzin | 1,435 | $56,304 | $97,300 | $705 |
| Ebensburg | 3,321 | $58,179 | $174,700 | $849 |
| Tunnelhill | 278 | $68,750 | $103,600 | $678 |
| Ashville | 161 | $60,714 | $96,900 | $485 |
More for people moving to Loretto
Loretto ZIP code ›Weather and climate ›Living in Loretto: FAQ
What is the median household income in Loretto, PA?
The median household income in Loretto is $63,929, 18% lower than the Pennsylvania median of $77,971 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Loretto?
The median home value in Loretto is $204,300, compared with $254,500 in Pennsylvania.
Is Loretto, PA a good place to live?
Pluses: home values 20% lower than the state median; an average commute of 13 minutes. Minuses: median household income 18% lower than the Pennsylvania median; unemployment of 8.4%; a poverty rate of 36.4%.
What is the median age in Loretto?
The median age in Loretto is 20.5 years (Pennsylvania: 40.9).
How long is the commute in Loretto?
The average commute to work in Loretto is 13 minutes; 6.2% of workers work from home.
What is the unemployment rate in Loretto?
The unemployment rate in Loretto is 8.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Loretto?
51.3% of adults in Loretto 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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