Living in Lorenzo, Texas
Cost of living, income, home prices, rent and demographics of Lorenzo · Census data 2020–2024
Lorenzo has 834 residents with a median age of 37.2. The median household income is $46,389 (41% lower than the Texas median), the median home value is $100,800, the median rent is $665/month.
Lorenzo is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lorenzo at a glance
- Population
- 834
- Median age
- 37.2State: 35.6
- Median household income
- $46,389State: $78,476
- Median home value
- $100,800State: $283,800
- Median rent
- $665/moState: $1,403
- Homeowners
- 78.8%
- Bachelor's degree or higher
- 12.5%
- Average commute
- 25 min
Is Lorenzo a good place to live?
Pros: Home values 64% lower than the state median; an average commute of 25 minutes.
Cons: Median household income 41% lower than the Texas median; unemployment of 6.2%; a poverty rate of 32.9%.
The weather is best in March to May and October.
Cost of living in Lorenzo
Housing is the biggest part of the cost of living. In Lorenzo the median home value is $100,800, 70% lower than the U.S. median. Renters pay a median of $665 per month, which is 37.8% of household income. Homeowners with a mortgage pay $1,227 a month in housing costs.
Lorenzo median household income
The median household income in Lorenzo is $46,389 and the income per person is $19,941. 32.9% of residents live below the poverty line (Texas: 13.8%).
Housing in Lorenzo: homes for sale and rent
- Housing units
- 401
- Owner-occupied
- 78.8%
- Renter-occupied
- 21.2%
- Vacant
- 24.7%Includes seasonal homes
- Median year built
- 1966
- Average household size
- 2.76
Lorenzo demographics
- Population
- 834
- Median age
- 37.2
- Under 18
- 23.6%
- 65 and older
- 19.5%
- Households
- 302
- Foreign-born
- 6%
- Veterans
- 6.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Lorenzo ›
Education in Lorenzo
12.5% of adults 25 and older in Lorenzo have a bachelor's degree or higher (Texas: 33.8%), and 2% have a graduate or professional degree.
Jobs and commute in Lorenzo
- Unemployment rate
- 6.2%State: 5.3%
- Average commute
- 25 minState: 27 min
- Work from home
- 2.6%
- Drive alone
- 81%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 88.7%
Lorenzo vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lorenzo | 834 | $46,389 | $100,800 | $665 |
| Idalou | 2,151 | $58,500 | $211,000 | $678 |
| Ralls | 1,463 | $57,697 | $72,200 | $777 |
| Ransom Canyon | 1,041 | $113,950 | $341,000 | — |
| Buffalo Springs Lake | 571 | $101,667 | $239,500 | — |
| Petersburg | 699 | $51,250 | $72,700 | $642 |
| Slaton | 5,761 | $56,676 | $84,600 | $994 |
| Crosbyton | 1,774 | $38,684 | $59,200 | $512 |
| New Deal | 668 | $96,500 | — | $718 |
More for people moving to Lorenzo
Lorenzo ZIP code ›Weather and climate ›Living in Lorenzo: FAQ
What is the median household income in Lorenzo, TX?
The median household income in Lorenzo is $46,389, 41% 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 Lorenzo?
The median home value in Lorenzo is $100,800, compared with $283,800 in Texas.
How much is rent in Lorenzo?
The median gross rent in Lorenzo is $665 per month, about 37.8% of household income.
Is Lorenzo, TX a good place to live?
Pluses: home values 64% lower than the state median; an average commute of 25 minutes. Minuses: median household income 41% lower than the Texas median; unemployment of 6.2%; a poverty rate of 32.9%.
What is the median age in Lorenzo?
The median age in Lorenzo is 37.2 years (Texas: 35.6).
How long is the commute in Lorenzo?
The average commute to work in Lorenzo is 25 minutes; 2.6% of workers work from home.
What is the unemployment rate in Lorenzo?
The unemployment rate in Lorenzo is 6.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lorenzo?
12.5% of adults in Lorenzo 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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