Cost of Living in Lorain, OH
Population 65,395 · Census ACS 2020–2024 5-year estimates
The median rent in Lorain, OH is $887/month, 14% lower than the Ohio median and 37% lower than the U.S. median. The median home value is $139,200, 58% lower than the national median. Households earn a median of $48,685 a year, 32% lower than the state median.
Affordability
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Lorain vs. Ohio vs. U.S.
| Lorain | Ohio | U.S. | |
|---|---|---|---|
| Median rent | $887 | $1,034 | $1,413 |
| Median home value | $139,200 | $214,800 | $332,700 |
| Median household income | $48,685 | $71,389 | $80,734 |
| Homeownership rate | 57.1% | 67.2% | 65.2% |
| Bachelor's degree or higher | 14.8% | 31.5% | 35.7% |
| Poverty rate | 25.2% | 13.3% | 12.5% |
| Unemployment rate | 6.3% | 4.8% | 5.2% |
| Work from home | 6.7% | 13.0% | 15.1% |
| Median age | 39.8 | 39.7 | 38.9 |
FAQ
What is the average rent in Lorain, OH?
The median gross rent in Lorain, OH is $887 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Lorain, OH?
Using the common 30% rule, renting a median-priced home takes about $35,480 a year in gross income.
Is Lorain, OH expensive to live in?
Rent there is 37% lower than the U.S. median, and the median home costs about 2.9 times the median household income.
Other cities in Ohio
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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