Cost of Living in Lorain, Ohio
Lorain has a population of about 65,395. The median household income is $48,685, median gross rent is $887/month, and the median home value is $139,200. These figures come from 2020-2024 ACS 5-Year estimates, the latest full-coverage Census baseline for U.S. cities.
How current is this? Census city data is released with a lag because it is survey-based and designed for consistent coverage across small and large places. Use it as an official affordability baseline; current apartment listings and mortgage rates may differ.
Is Lorain expensive to live in?
Compared with the national median in this dataset, rent in Lorain is 46% below the national median and home values are 63% below the national median. Household income here is 42% below the national median. Monthly rent represents roughly 22% of the median annual household income, a rough affordability signal for renters.
Frequently asked questions
What is the average rent in Lorain?
The median gross rent in Lorain, Ohio is $887 per month in the 2020-2024 ACS 5-Year estimates.
What is the median home price in Lorain?
The median owner-occupied home value in Lorain is $139,200 in the 2020-2024 ACS 5-Year estimates.
How much do people earn in Lorain?
The median household income in Lorain is $48,685 per year in the 2020-2024 ACS 5-Year estimates.
Data source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database last refreshed 2026-07-11.