Pros and Cons of Living In Lorain, Ohio. Is Lorain, OH a Nice Place To Live or Retire?

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Lorain, Ohio

Moving to Lorain In Ohio ? Is Lorain, OH a Nice Place To Live? Pros and Cons of Living in Lorain, Ohio. Find out the best and worst about to live, raise a family or retire in Lorain.

Lorain () is a city in Lorain County, Ohio, United States. It is located in Northeast Ohio on Lake Erie at the mouth of the Black River, about 25 miles (40 km) west of Cleveland. As of the 2020 census, the city had a population of 65,211, making it Ohio's ninth-largest city, the third-largest in Greater Cleveland, and the largest in Lorain County by population.

DEMOGRAPHICS

Population
63832
Unemployment
8.1%
72% NAT AVG.
Poverty
26.9%
92% NAT AVG.
Cost Of Living
87
13% NAT AVG.

ECONOMICS

Median Home Cost
$90700
61% NAT AVG.
Median Income
$40486
40% NAT AVG.
Median Rent
$719
38% NAT AVG.
Overall Score
4

CRIME REPORT

SOCIO-ECONOMICS

People Living Below BPL
1 in 4
Unemployed People
1 in 12
People Earning < $10,000
1 in 7
People Earning < $50,000
59.4%
People With Any Degree
1 in 4.2

ETHNICITY

Ethnicity Lorain USA
White 51.5% 60.1%
African American 14.9% 12.2%
American Indian 0.5% 0.6%
Asian 1% 5.6%
Hawaiian 0.1% 0.2%
Multiracial 3.2% 2.8%
Hispanic 28.6% 18.2%
Other 0.2% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Lorain USA
Less than $10,000 13.6% 5.8%
$10,000 to $14,999 8.1% 4.1%
$15,000 to $24,999 11.4% 8.5%
$25,000 to $34,999 11.9% 8.6%
$35,000 to $49,999 14.4% 12.0%
$50,000 to $74,999 18.6% 17.2%
$75,000 to $99,999 9.9% 12.8%
$100,000 to $149,999 8.8% 15.6%
$150,000 to $199,999 2.4% 7.1%

EDUCATION

Education Lorain USA
< 9th Grade 5% 5.0%
9-12th Grade 13% 7.0%
High School or GED 34% 27.0%
Other College 24% 20.0%
Associate's Degree 11% 9%
Bachelor's Degree 9% 20.0%
Master's Degree 3% 9.0%
Professional Degree 1% 2.0%
Doctorate Degree 0% 1.0%
Lorain is a city in Ohio state in USA with a population of 63832 residents.. The poverty rate of Lorain is 26.9%, which is 92% higher than national average. The typical household in Lorain earns $40486 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 7 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 59.4% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Lorain remained 8.1%, which is 72% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census.

Cost of living in Lorain is 87, which is 13% lower than national average. In Lorain, only 13% of adults have a bachelor's degree and 35% have some college but no degree. Median home value in Lorain is $90700 , which is 61% lower than national average. While median income in Lorain remained $40486, which is 40% lower than national average.
Lorain Scorecard

Jobs40%

Housing50%

Affordability80%

Safety40%

Amenities90%

Diversity95%

Education40%

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