Housing costs in Lorain?
A typical home costs
$113,400, which is 66.5% less expensive than the national average of
$338,100 and 42.4% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Lorain costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 11.4% cheaper than the state average of
$980.
Can I afford Lorain?
To live comfortably in Lorain, Ohio, a minimum annual income of
$21,600 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Lorain?
The cost of living in Lorain, OH is lower than the US average. According to data from the US Department of Commerce, the median house value in Lorain is $113,400, which is significantly lower than the US average of $338,100. Additionally, the cost of living in Lorain is 70.9 compared to 100 for the US as a whole. This means that it's more affordable to live in Lorain than in other parts of the country. All in all, Lorain provides an attractive option for those looking to save money without sacrificing quality of life.