Cost of Living in Lorain, OH
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
83.2
100 = national avg
-16.8 vs national average
Living Wage (1 Adult)
$36,586
per year
Living Wage (Family of 4)
$86,476
per year
Cost Index by Category
Housing82.0
Food85.0
Transportation91.0
Healthcare88.0
Utilities87.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,058
per month
2 Bedroom
$1,279
per month
The overall cost of living index in Lorain is 83.2, which is 16.8% below the national average. Housing costs are below the national average at an index of 82.0. A single adult needs to earn approximately $36,586 per year to cover basic expenses.