Housing costs in Lorain?
A typical home costs
$214,100, which is 36.7% less expensive than the national average of
$338,100 and 8.7% more expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Lorain costs
$1,000 per month, which is 30.1% cheaper than the national average of
$1,430 and 2.0% more than the state average of
$980.
Can I afford Lorain?
To live comfortably in Lorain O County, Ohio, a minimum annual income of
$41,040 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Lorain?
The cost of living in Lorain, OH County is 81 compared to the US average of 100. This means that the overall cost of goods and services such as groceries, transportation, and medical care are generally lower than what one would expect to pay in other parts of the country. The median house value in Lorain is also lower than the national average at $214,100 compared to $338,100. This provides an affordable option for those looking to own a home or invest in real estate in a county with a low cost of living.