Lorain County, Ohio
Income Data
At a Glance
How Lorain County Compares
Detailed Income Statistics
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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County median: $70,693 per year
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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.