Cost of Living in Lorain, PA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
79.1
100 = national avg
-20.9 vs national average
Living Wage (1 Adult)
$34,813
per year
Living Wage (Family of 4)
$82,286
per year
Cost Index by Category
Housing66.9
Food90.3
Transportation80.6
Healthcare92.2
Utilities87.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$846
per month
2 Bedroom
$1,035
per month
The overall cost of living index in Lorain is 79.1, which is 20.9% below the national average. Housing costs are below the national average at an index of 66.9. A single adult needs to earn approximately $34,813 per year to cover basic expenses.