Economy in Lorain, Ohio
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| Unemployment Rate | 7.00% | 8.60% |
| Recent Job Growth | 0.70% | 0.35% |
| Future Job Growth | 34.40% | 32.10% |
| Sales Taxes | 6.25% | 5.00% |
| Income Taxes | 5.98% | 4.70% |
| Income per Cap. | $19,064 | $26,154 |
| Household Income | $38,661 | $50,935 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 18.58% | 12.37% |
| Income between 15K and 25K | 14.34% | 10.53% |
| Income between 25K and 35K | 13.11% | 10.88% |
| Income between 35K and 50K | 16.60% | 15.37% |
| Income between 50K and 75K | 20.52% | 20.14% |
| Income between 75K and 100K | 8.66% | 12.41% |
| Income between 100K and 150K | 6.15% | 11.27% |
| Income between 150K and 250K | 1.59% | 5.01% |
| Income between 250K and 500K | 0.42% | 1.86% |
| Income greater than 500K | 0.03% | 0.16% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 7.53% | 14.04% |
| Professional and Related Occupations | 13.56% | 20.61% |
| Service | 16.72% | 14.45% |
| Sales and Office | 25.75% | 26.75% |
| Farming, Fishing, and Forestry | 0.53% | 0.70% |
| Construction, Extraction, and Maintenance | 9.58% | 9.42% |
| Production, Transportation, and Material Moving | 26.33% | 14.05% |
The unemployment rate in Lorain, OH, is 7.00%, with job growth of 0.70%. Future job growth over the next ten years is predicted to be 34.40%.
Lorain, OH Taxes
Lorain, OH,sales tax rate is 6.25%. Income tax is 5.98%.
Lorain, OH Income and Salaries
The income per capita is $19,064, which includes all adults and children. The median household income is $38,661.
Lorain Economy SperlingViews
Depressing City: Don't bother moving here. Jobs are scarce, crime is high. Not a place for your kids since gangs are plentiful. Stay... (read more)Lorain's Weather.... or Lack Thereof: In Lorain we have a saying... if you don't like the weather, wait 10 minutes - it'll change. Lorain is home of water spouts, rain on one side of the street and not the... (read more)Schools: Lorain is currently in the process of rebuilding its schools... Most of the schools are pretty old and have structural issues beginning to become problematic. School... (read more)Have an opinion about Lorain? Leave a commentTo See All SperlingViews for Lorain Click Here
