Zip 44052 (Lorain, OH) Economy


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44052 Lorain, OH is a great city to live in for those looking for affordability and convenience. The average two-bedroom rent in 44052 Lorain, OH is $920 per month, which is much lower than the national average of $1,430. Grocery shopping is also relatively inexpensive in 44052 Lorain, OH with a grocery cost index of 93 versus 100 in the United States. \nThe city has several businesses that cater to the needs of residents from retail stores to restaurants. One popular option for retail shopping is Super Value Groceries which provides an extensive selection of high-quality items at competitive prices. For those looking for a bite to eat, The Red Fox Food & Spirits is a great option offering classic American food along with local craft beers on tap. Additionally, Las Gallinas Mexican Restaurant serves authentic Mexican cuisine and homemade dishes that locals love.

Lorain (zip 44052) has an unemployment rate of 5.6%. The US average is 6.0%.

Lorain (zip 44052) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 21.8%, which is lower than the US average of 33.5%.

Tax Rates for Lorain (zip 44052)
- The Sales Tax Rate for Lorain (zip 44052) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Lorain (zip 44052) is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Lorain (zip 44052)
- The average income of a Lorain (zip 44052) resident is $17,337 a year. The US average is $28,555 a year.
- The Median household income of a Lorain (zip 44052) resident is $39,124 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLorain, OhioUnited States
  5.66
  -10.0%-6.2%
  21.8%33.5%
  6.8%6.2%
  6.8%4.6%
  $21,153$37,638
  $39,124$69,021
  $47,830$85,028
  Population by Occupation
  0.5%1.2%
  0.0%0.5%
  5.5%6.8%
  14.8%10.0%
  1.7%2.5%
  13.1%11.0%
  5.4%4.8%
  0.8%0.8%
  1.2%1.9%
  3.7%4.7%
  1.4%1.9%
  2.0%7.6%
  0.0%0.1%
  4.5%4.2%
  4.2%9.3%
  19.1%14.0%
  2.1%2.1%
  13.0%7.0%
  4.5%4.8%
  2.5%4.7%
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