Lake Lorraine, FL

Full City Profile · Florida · Okaloosa County County

4.6 /5.0
A+ Excellent
7,210 Population 3,500/sq mi density
$91,619 Median Income $54,848 per capita
$411,900 Home Value $377,146 Zillow
$1,488 Median Rent 31.2% income on rent
70°F Avg Temperature
A+
Overall
4.6 / 5.0
Strong
A+
Economy
4.7 / 5.0
$91,619 median income, 2.2% unemployment
A
Affordability
4.1 / 5.0
$411,900 home value, $1,488/mo rent
A+
Education
4.9 / 5.0
48.9% bachelor's degree or higher

Lake Lorraine, FL

At a Glance

Median Income
$91,619
22% above
$54,848 per capita
Home Value
$411,900
46% above
Zillow: $377,146
Median Rent
$1,488/mo
28% above
31.2% of income on rent
Bachelor's Degree+
48.9%
45% above
93.9% high school+
Unemployment
2.2%
39% below
6.3% poverty rate
Obesity Rate
28.6%
11% below
10.8% smoking rate
Avg Temperature
70°F

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)

Income
122%
Home Value
146%
Rent
128%
Poverty
51%
Bachelor's
145%
Unemployment
61%
Thin vertical line = U.S. national average (100%)

Is Lake Lorraine a Good Place to Live?

A+
4.6 / 5.0 - Excellent
Based on economy, affordability, safety, and education metrics compared to national averages.

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 2.2% (39% 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.

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. Annual precipitation totals 55.4 inches.

Data Overview

People

Population7,210
Median Age41.3 yrs
Density3,500/mi²
Male / Female51% / 49%
Foreign Born6.4%
Veterans20.0%

Economy

A+
Median Income$91,619
Per Capita$54,848
Unemployment2.2%
Poverty6.3%
County GDP$19,003M
Avg Weekly Wage$1,185

Housing

A
Home Value$411,900
Rent$1,488
Ownership72.0%
Zillow$377,146
Housing Units3,323
Rent Burden31.2%

Health

Obesity28.6%
Diabetes8.7%
Smoking10.8%
Heart Disease4.8%
Premature Death9,412/100K

Climate

Avg Temp70°F
Rain55.4 in/yr
Elevation25 ft

Education

A+
Bachelor's+48.9%
High School+93.9%
Graduate+25.6%
School Score6.5/10

Community

2024 VoteR 71% / D 28%
Commute23 min
Broadband92.4%
Internet Speed117 Mbps
EV Stations14
Libraries6

Did You Know?

The median home in Lake Lorraine was built in 1981.
The nearest airport is Pensacola International (37 miles).
The Gini coefficient (income inequality) is 0.439 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Moderate" by FEMA.
17.9% of the population has a disability.
Average internet download speed is 117 Mbps.
There are 599 restaurants in the area.
The county recorded 19 fatal vehicle crashes.