Lorain, PA is a small city located in the state of Pennsylvania. It is an affordable place to live with the average two-bedroom rent being significantly lower than the national average at $820 per month. The cost of groceries is also lower with a grocery cost index of 94 compared to 100 in the US. There are many local businesses in Lorain that serve to improve quality of life for locals, such as Lorain Public Library System, Avon Lake Regional Water Park, and Nature’s Bin Natural Grocery Store. There are also numerous restaurants, shopping centers, museums, and theatres providing ample entertainment opportunities for residents.
Lorain has an unemployment rate of 8.1%. The US average is 6.0%.
Lorain has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 15.0%, which is lower than the US average of 33.5%.
Tax Rates for Lorain
- The Sales Tax Rate for Lorain is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lorain is 4.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lorain
- The average income of a Lorain resident is $17,807 a year. The US average is $28,555 a year.
- The Median household income of a Lorain resident is $47,019 a year. The US average is $69,021 a year.