Housing costs in Lorain?
A typical home costs
$192,700, which is 43.0% less expensive than the national average of
$338,100 and 2.2% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Lorain costs
$830 per month, which is 15.3% cheaper than the national average of
$980 and 20.5% cheaper than the state average of
$1,000.
Can I afford Lorain?
To live comfortably in Lorain (zip 44053), Ohio, a minimum annual income of
$37,080 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Lorain?
The cost of living in Lorain, OH (44053) is fairly low compared to the national average. According to BestPlaces, the overall cost of living index for 44053 is 77.82, which is 22% lower than the US average. As such, grocery prices are about 12% lower than the national average while consumer prices are 24.2% below the average. Housing costs in Lorain are also below the national average with rent for a 1-bedroom apartment averaging around $600 per month and a 3-bedroom averaging around $790 per month. Utilities are also reasonably priced in Lorain, coming in at 16% lower than the US average. In general, 44053 is an affordable place to live with plenty of amenities available at a reasonable price point.