Living in Loraine, Texas
Cost of living, income, home prices, rent and demographics of Loraine · Census data 2020–2024
Loraine has 813 residents with a median age of 23.4. The median household income is $41,838 (47% lower than the Texas median), the median home value is $60,500, the median rent is $373/month.
Loraine is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Loraine at a glance
- Population
- 813
- Median age
- 23.4State: 35.6
- Median household income
- $41,838State: $78,476
- Median home value
- $60,500State: $283,800
- Median rent
- $373/moState: $1,403
- Homeowners
- 71.8%
- Bachelor's degree or higher
- 4.1%
- Average commute
- 21 min
Is Loraine a good place to live?
Pros: Home values 79% lower than the state median; an average commute of 21 minutes.
Cons: Median household income 47% lower than the Texas median; a poverty rate of 29.5%.
The weather is best in March–April and September–October.
Cost of living in Loraine
Housing is the biggest part of the cost of living. In Loraine the median home value is $60,500, 82% lower than the U.S. median. Renters pay a median of $373 per month, which is 35.9% of household income. Homeowners with a mortgage pay $1,219 a month in housing costs.
Loraine median household income
The median household income in Loraine is $41,838 and the income per person is $19,995. 29.5% of residents live below the poverty line (Texas: 13.8%).
Housing in Loraine: homes for sale and rent
- Housing units
- 288
- Owner-occupied
- 71.8%
- Renter-occupied
- 28.2%
- Vacant
- 26%Includes seasonal homes
- Median year built
- 1959
- Average household size
- 3.74
Loraine demographics
- Population
- 813
- Median age
- 23.4
- Under 18
- 45.8%
- 65 and older
- 5.4%
- Households
- 213
- Foreign-born
- 6.3%
- Veterans
- 11.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Loraine ›
Education in Loraine
4.1% of adults 25 and older in Loraine have a bachelor's degree or higher (Texas: 33.8%), and 0% have a graduate or professional degree.
Jobs and commute in Loraine
- Unemployment rate
- 0%State: 5.3%
- Average commute
- 21 minState: 27 min
- Work from home
- 5%
- Drive alone
- 63%
- Public transit
- 5.6%
- Walk to work
- 4.3%
- Homes with broadband
- 79.8%
Loraine vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Loraine | 813 | $41,838 | $60,500 | $373 |
| Colorado City | 3,976 | $53,448 | $69,500 | — |
| Roscoe | 1,425 | $56,326 | $90,500 | $1,263 |
| Lake Colorado City | 980 | $54,074 | $57,600 | $617 |
| Hermleigh | 473 | $56,591 | $69,300 | $1,229 |
| Sweetwater | 10,385 | $44,892 | $80,800 | $907 |
| Snyder | 11,241 | $57,902 | $104,000 | $1,033 |
| Roby | 679 | $59,758 | $45,800 | $593 |
| Blackwell | 211 | $74,219 | $82,100 | $806 |
More for people moving to Loraine
Loraine ZIP code ›Weather and climate ›Living in Loraine: FAQ
What is the median household income in Loraine, TX?
The median household income in Loraine is $41,838, 47% lower than the Texas median of $78,476 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Loraine?
The median home value in Loraine is $60,500, compared with $283,800 in Texas.
How much is rent in Loraine?
The median gross rent in Loraine is $373 per month, about 35.9% of household income.
Is Loraine, TX a good place to live?
Pluses: home values 79% lower than the state median; an average commute of 21 minutes. Minuses: median household income 47% lower than the Texas median; a poverty rate of 29.5%.
What is the median age in Loraine?
The median age in Loraine is 23.4 years (Texas: 35.6).
How long is the commute in Loraine?
The average commute to work in Loraine is 21 minutes; 5% of workers work from home.
What is the unemployment rate in Loraine?
The unemployment rate in Loraine is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Loraine?
4.1% of adults in Loraine 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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