What is the median household income in Lorain, OH?
The median household income in Lorain, OH is $48,685 (±$3,757) a year (2020–2024 American Community Survey).
Paying the median gross rent of $887 a month would take about $35,500 a year at the common guideline of spending no more than 30% of income on rent.
In Lorain, the median household income went from $38,291 in 2015–2019 to $48,685 in 2020–2024 (+27.1%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $48,685 (±$3,757)
- Median renter income
- $29,207 (±$3,058)
- Income to afford median rent
- about $35,500
Income in Lorain against Lorain County, its state and the nation
| Lorain | Lorain County | Ohio | United States | |
|---|---|---|---|---|
| Median household income | $48,685 (±$3,757) | $73,347 (±$1,501) | $71,389 (±$321) | $80,734 |
| Median renter household income | $29,207 (±$3,058) | $40,357 (±$1,976) | $42,829 (±$325) | $52,966 |
| Median owner household income | $70,516 (±$4,391) | $89,532 (±$2,022) | $90,122 (±$343) | $100,009 |
| Median gross rent | $887 (±$43) | $966 (±$21) | $1,034 (±$5) | $1,413 |
In Lorain, median household income is lower than in Lorain County ($73,347).
It is also lower than in Ohio ($71,389).
It is lower than the national figure ($80,734).
In Lorain County, Lorain ranks 34 of 35 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 2087 of 2,325.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Lorain
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $887 a month ($10,644 a year) needs an income of about $35,500 a year.
The median renting household in Lorain earns $29,207 a year, less than that.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $38,291 (±$1,559) | $48,685 (±$3,757) | +27.1% | No measurable change after inflation |
| Median gross rent | $697 (±$20) | $887 (±$43) | +27.3% | No measurable change after inflation |
| Median home value | $87,300 (±$2,390) | $139,200 (±$7,319) | +59.5% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Lorain
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Lorain | — | $48,685 (±$3,757) | — |
| Sheffield Township (Lorain County) | 1.9 mi | $48,433 (±$3,631) | Not measurably different |
| Amherst | 3.6 mi | $90,725 (±$10,755) | Higher |
| Elyria Township | 3.6 mi | $62,179 (±$5,337) | Higher |
| Amherst Township | 4.3 mi | $82,554 (±$9,771) | Higher |
| Sheffield | 4.6 mi | $107,837 (±$13,499) | Higher |
| Sheffield Lake | 5.4 mi | $69,632 (±$11,375) | Higher |
| Elyria | 5.9 mi | $54,945 (±$2,562) | Higher |
| South Amherst | 7.0 mi | $86,194 (±$6,911) | Higher |
Nearby places with a measurably higher figure: Amherst, OH ($90,725), Elyria Township, OH ($62,179), Amherst Township, OH ($82,554).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Lorain County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 28 | Brownhelm Township | $62,452 (±$15,067) |
| 29 | Elyria Township | $62,179 (±$5,337) |
| 30 | Wellington | $61,578 (±$10,023) |
| 31 | Camden Township | $60,156 (±$20,190) |
| 32 | Rochester | $59,861 (±$43,595) |
| 33 | Elyria | $54,945 (±$2,562) |
| 34 | Lorain | $48,685 (±$3,757) |
| 35 | Sheffield Township (Lorain County) | $48,433 (±$3,631) |
Showing 8 of 35 places in Lorain County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Lorain
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Lorain beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Lorain, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Lorain, and send estimates and invoices from your phone.
Questions about Lorain
What is the median household income in Lorain?
The median household income in Lorain is $48,685 (±$3,757) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Lorain?
About $35,500 a year, if rent is to stay at or below 30% of income at the median gross rent of $887 a month.
Have incomes in Lorain kept up with inflation?
In Lorain, the median household income went from $38,291 in 2015–2019 to $48,685 in 2020–2024 (+27.1%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Lorain?
The median renting household in Lorain, OH earns $29,207 (±$3,058) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Lorain city, Ohio
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Lorain city, Ohio
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lorain city, Ohio
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Lorain city, Ohio
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lorain city, Ohio
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Lorain city, Ohio
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Lorain city, Ohio (place:44856, in state:39).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Lorain at a glance
- Median rent in Lorain
- Rent by bedrooms in Lorain
- Rent burden in Lorain
- Renters and owners in Lorain
- Home values in Lorain
- Homeowner costs in Lorain
- Property taxes in Lorain
- Types of homes in Lorain
- Bedrooms in Lorain
- Age of homes in Lorain
- Vacancy rate in Lorain
- Heating fuel in Lorain
- Commute and cars in Lorain
- Crime reported to police in Lorain
- Population growth in Lorain
- How long people stay in Lorain
- Crowding and facilities in Lorain
- Fair Market Rent in Lorain
- Ohio landlord and tenant rules
- Housing across Lorain County
- Ohio places ranked by median household income
- Housing data for every place in Ohio