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Lake Lorraine, FL
Full City Profile · Florida · Okaloosa County County
Lake Lorraine, FL
At a Glance
How Lake Lorraine Compares to the U.S. Average
Each bar shows Lake Lorraine's value as a percentage of the national average (100% = U.S. avg)
Is Lake Lorraine a Good Place to Live?
Economy & Jobs
Lake Lorraine residents earn a median household income of $91,619 , which is 22% above the national average of $75,149. Per capita income is $54,848. The unemployment rate stands at 1.3% (64% below the U.S. rate of 3.6%). 6.3% of residents live below the poverty line. The area is home to 7,597 business establishments, including 599 restaurants.
Housing & Cost of Living
The median home value in Lake Lorraine is $411,900 , 46% above the national median of $281,900. Zillow estimates the typical home at $377,146. Median rent is $1,488/month, with 31.2% of renters spending more than 30% of income on housing. The cost of living index is 103.4 (100 = national average). The median home was built in 1981.
Safety & Crime
Lake Lorraine reports 340 violent crimes per 100,000 residents , which is 11% below the national average of 380/100K. Property crime is 3,319/100K.
Education
48.9% of adults in Lake Lorraine hold a bachelor's degree or higher (45% above the national average). 93.9% have completed high school. Local schools score 6.5/10 in standardized testing.
Climate & Weather
Lake Lorraine has an average annual temperature of 70°F (21°C). Winters average 54°F in January while summers reach 84°F in July. The area gets 306 sunny days per year. Annual precipitation totals 55.4 inches. Air quality is rated Good with a median AQI of 41.