Lorain County, Ohio
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Lorain County Compares
Detailed Income Statistics
Income Advisory: Lorain County
Income Verdict
Lorain County has a median household income of $70,693 and per capita income of $39,638 — a gap of $31,055, suggesting a higher share of single-earner or non-family households.
Housing Affordability
With median gross rent at $916/month and a median household income of $70,693, rent consumes approximately 15.5% of monthly income — well within affordable thresholds.
Economic Context
A median household income of $70,693 suggests moderate-to-strong purchasing power, generally sufficient to cover essentials with room for discretionary spending in most markets. Per capita income of $39,638 is in line with national norms for individual earners.
Neighbor Context
Lorain County earns approximately 3.8% above the Ohio state median household income of $68,101, positioning it favorably within the state.
Data Story
About Household Income in Lorain County, Ohio
Lorain County slightly trails nationally
Lorain County's median household income of $70,693 falls 5% short of the national median of $74,755, placing it just below the national average. This modest gap suggests an economy with steady employment but limited high-wage growth.
Above Ohio's median income
Lorain ranks in Ohio's upper-middle tier, earning $2,592 more than the state median of $68,101. Per capita income of $39,638 exceeds the state average of $35,642 by 11%, indicating reasonably distributed earning power.
Competitive with nearby counties
Lorain's $70,693 sits between Erie County ($69,200) and Cuyahoga ($67,000), holding steady in northeast Ohio's middle tier. It trails prosperous Lake County ($77,952) but outpaces struggling Ashtabula County, reflecting industrial regional dynamics.
Rent burden is manageable
Lorain's 15.6% rent-to-income ratio is below the 17% affordability threshold, leaving renters with discretionary income. Median home value of $207,200 is moderate relative to household earnings, supporting accessible homeownership.
Lorain County: stable savings opportunity
Moderate income and affordable housing give Lorain residents reliable capacity to save and invest consistently. Establish employer retirement plans, build an emergency fund covering 6 months, and explore home equity investment to strengthen long-term wealth.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Lorain County median
County median: $70,693 per year
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vs. State Average
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vs. National Median
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Income Adequacy
Your monthly income ($5,891) vs. median rent ($916/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.