Is Lorraine a Good Place to Live?
Based on current data, Lorraine receives an overall livability score of 3.9 out of 5.0, earning a grade of B+. Key strengths include above-average household incomes, abundant sunshine, a low poverty rate. Areas to be aware of include high housing costs, above-average unemployment. Lorraine offers a solid quality of life with a good balance of affordability, safety, and opportunity.
Economy & Jobs
The median household income in Lorraine is $129,000, which is significantly higher than the national average — 72% above $75,149. This places Lorraine among higher-income communities. The unemployment rate of 7.5% is somewhat elevated compared to the national rate of 3.6%. Only 3.0% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 32 minutes.
Cost of Living & Housing
The median home value in Lorraine is $500,000, making it a premium housing market at 77% above the U.S. median of $281,900. Renters pay a median of $1,150 per month. A price-to-income ratio of 3.9x indicates a reasonably affordable housing market.
Education
24.2% of residents hold a bachelor's degree, below the national average of 33.7%. 18.5% have completed high school.
Climate & Weather
Lorraine experiences four distinct seasons with an average temperature of 46°F. Winters average 22°F in January while summers reach 71°F in July. The area gets 235 sunny days per year. Annual precipitation totals 51.7 inches, including 77.3 inches of snow.