Housing costs in Lorain?
A typical home costs
$97,000, which is 71.3% less expensive than the national average of
$338,100 and 50.8% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Lorain costs
$920 per month, which is 6.1% cheaper than the national average of
$980 and 8.7% cheaper than the state average of
$1,000.
Can I afford Lorain?
To live comfortably in Lorain (zip 44055), Ohio, a minimum annual income of
$18,720 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Lorain?
The cost of living in 44055 Lorain, OH is quite affordable. Groceries, housing, utilities, transportation and health care are all reasonably priced compared to the national average. For example, a one-bedroom apartment in the city averages around $650 per month with utilities included. Food prices are also very low with restaurants like McDonald's charging an average of $7 for a meal. Residents can easily get around by car since gas prices are only slightly higher than the national average. Additionally, healthcare costs are below average offering residents quality care at reasonable rates. All in all, 44055 Lorain, OH offers residents a cost of living that is both affordable and comfortable.