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Useful Statistics for businesses looking for office space in Lorain
  Lorain OH State
2016 Estimated Population 63,714 11,586,941
Median Age 36.9 39.3
Housing Units 29,205 5,146,944
Occupied 25,140 4,601,449
Owned 14,556 3,035,485
Rented 10,584 1,565,964
Average Household Size 2.51 2.45
Rental Vacancy Rate 8.3% 6%
Homeowner Vacancy Rate 1.7% 1.8%
Median Home Value $85,700 $131,900
Median Monthly Rental Cost $659 $743
Estimated Mean Income $56,894 $82,269
Median Household Income $35,753 $50,674
Percent of Individuals below poverty level 26.2% 15.4%
Educational Attainment: Percent high school graduate or higher 82.4% 89.5%
Educational Attainment: Percent high school graduate 36.1% 33.8%
Educational Attainment: Percent with some College 24.8% 20.6%
Educational Attainment: Percent bachelor degree or higher 11.7% 26.7%
Average Commute time in minutes 22.4 23.3
Commute 24,936 5,320,795
Commute by car, truck or other vehicle - Drive Alone 20,330 4,436,671
Commute by car, truck or other vehicle - Carpool 2,731 415,528
Use Public Transportation 173 88,275
Work from Home 414 197,371
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