Cost Of Living
Residents in this area benefit from an affordable cost of living. This includes goods and services, transportation, housing, utilities, groceries and healthcare.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Ratings
Local residents have positive feedback regarding the convenience of amenities, parks, public transit, the friendliness of neighbors, the strong sense of community, and the overall safety of the area.
Commute
Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.
Employment
The combination of low income levels and high unemployment rates contributes to a low score in the employment category, which could make it challenging to secure well-paying jobs.
Located in the state of Ohio, Lorain is a mid-sized city with a population of 63,832 residents. If we look at the most recent Census, Lorain is known to have a predominantly White population. The next two most common races are Black and Asian. Additionally, more than a quarter of the population of Lorain are of Hispanic or Latino origin, and 13% of the population also speak Spanish. Lorain is very likely to be a great place to live for singles as only 46%, of the population (over fifteen) are classified as married. Long commute times to work can be incredibly frustrating, ranking just behind housework on the list of life's annoyances. If you opt to make Lorain your home, your one-way commute time will typically last around 24 minutes, a duration that aligns with the national average commute time of 26 minutes.
Whether you’re moving to a new city to be closer to family, friends or for a new job, living in Lorain could be a positive experience compared to other cities in Ohio if you know where to look. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. With useful information like crime, cost of living, education, housing and other key data points, finding the best places to live in Lorain and in the areas around Lorain is a much easier task.
Lorain, OH receives 67/100 for its livability score; this results in a ranking of #511 in Ohio and #8,776 in the USA. Based on the rankings for each individual category, Lorain has been rewarded with high marks for housing (B+). Lorain does not rank well for the following: amenities (D), crime (D) and employment (F). It might be wise to take a closer look at each category to find out why.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Lorain market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to Lorain is real estate affordability. The median home price for Lorain homes is $90,700, which is 31.2% lower than the Ohio average. If we take a closer look at the affordability of homes in Lorain, we’ll see that the home price to income ratio is 2.2, which is 15.4% lower than the Ohio average.
| Statistic | Lorain | Ohio | National |
| Average one way commute | 24min | 23min | 26min |
| Workers who drive to work | 79.5% | 83.4% | 76.4% |
| Workers who carpool | 13.3% | 7.8% | 9.3% |
| Workers who take public transit | 0.8% | 1.7% | 5.1% |
| Workers who bicycle | 0.2% | 0.3% | 0.6% |
| Workers who walk | 0.6% | 2.3% | 2.8% |
| Working from home | 2.5% | 3.7% | 4.6% |
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