Cost of Living in Lorain, OH
Population: 65,207 • 2026 Data
$45,799
Median Household Income
-41% vs national
$839
Median Monthly Rent
-38% vs national
$123,500
Median Home Value
-64% vs national
7.0%
Unemployment Rate
Housing in Lorain
The median home value in Lorain, OH is $123,500. Monthly rent for a typical unit averages $839, while total monthly housing costs (including utilities and insurance) average $839.
Rent-to-income ratio: 22.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Lorain, OH is $45,799. The unemployment rate stands at 7.0%, with a labor force of 29,038 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.