Loraine, TX
Full City Profile · Texas · Mitchell County County
Loraine, TX
At a Glance
How Loraine Compares to the U.S. Average
Each bar shows Loraine's value as a percentage of the national average (100% = U.S. avg)
Is Loraine a Good Place to Live?
Economy & Jobs
Loraine residents earn a median household income of $34,605 , which is 54% below the national average of $75,149. Per capita income is $20,311. The unemployment rate stands at 0.0% (100% below the U.S. rate of 3.6%). 29.9% of residents live below the poverty line. The area is home to 180 business establishments, including 19 restaurants.
Housing & Cost of Living
The median home value in Loraine is $57,800 , 79% below the national median of $281,900. Zillow estimates the typical home at $99,312. Median rent is $367/month, with 37.8% of renters spending more than 30% of income on housing. The cost of living index is 97.1 (100 = national average). The median home was built in 1956.
Education
5.3% of adults in Loraine hold a bachelor's degree or higher (84% below the national average). 77.8% have completed high school. Local schools score 4.7/10 in standardized testing.
Climate & Weather
Loraine has an average annual temperature of 64°F (18°C). Winters average 43°F in January while summers reach 84°F in July. Annual precipitation totals 22.0 inches.