Lake Lorraine, WI
Full City Profile · Wisconsin · Walworth County County
Lake Lorraine, WI
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 $55,208 , which is 27% below the national average of $75,149. Per capita income is $32,740. The unemployment rate stands at 6.1% (69% above the U.S. rate of 3.6%). 11.3% of residents live below the poverty line. The area is home to 3,401 business establishments, including 337 restaurants.
Housing & Cost of Living
The median home value in Lake Lorraine is $194,500 , 31% below the national median of $281,900. Zillow estimates the typical home at $331,149. Median rent is $933/month, with 24.3% of renters spending more than 30% of income on housing. The cost of living index is 94.1 (100 = national average). The median home was built in 1967.
Education
21.7% of adults in Lake Lorraine hold a bachelor's degree or higher (36% below the national average). 98.7% have completed high school. Local schools score 5.8/10 in standardized testing.
Climate & Weather
Lake Lorraine has an average annual temperature of 48°F (9°C). Winters average 21°F in January while summers reach 72°F in July. Annual precipitation totals 36.7 inches. Air quality is rated Good with a median AQI of 42.