Salary & Cost of Living in Lorain, OH
Lorain, OH: $52,055 median salary, cost of living index 85.2, $10.45/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$52,055
$25/hr
Cost of Living
85.2
US avg = 100
Minimum Wage
$10.45
per hour
Unemployment
4.1%
rate
Lorain, OH Overview
Population
65,211
Median Salary
$52,055
Average Salary
$58,302
Avg Commute
20 min
Median Home Price
$209,000
Median Rent
$869/mo
Job Growth
+1.9%
Sales Tax
5.75%
Lorain is located in Ohio with a population of 65,211. The median household salary is $52,055 per year ($25/hour), which is $7,329 below the national median of $59,384. The average commute time is 20 minutes, and the city has a job growth rate of +1.9%.
Lorain Salary by Experience Level (2026)
Wage distribution in Lorain, OH based on BLS percentile breakdown of the $52,055 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $32,274 | $15.52/hr | 0–2 years |
| Mid-Level (Median) | $52,055 | $25.03/hr | 3–7 years |
| Senior-Level | $73,918 | $35.54/hr | 8–15 years |
| Top 10% (90th Percentile) | $92,658 | $44.55/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Lorain Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Lorain, OH, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$41,564
$3,463.66/month · $1,598.61/biweekly · Effective Rate: 20.2%
Gross Pay
$52,055
Federal Tax
-$4,208
State Tax
-$1,822
Local Tax
-$479
FICA
-$3,982
Net Pay
$41,564
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,337.92 | $52,055.00 |
| Federal Income Tax | -$350.68 | -$4,208.10 |
| Ohio State Tax (3.5%) | -$151.83 | -$1,821.93 |
| Local Tax (0.92%) | -$39.91 | -$478.91 |
| Social Security (6.2%) | -$268.95 | -$3,227.41 |
| Medicare (1.45%) | -$62.90 | -$754.80 |
| Net Take-Home Pay | $3,463.66 | $41,563.86 |
Salary Comparison: Lorain vs Other Cities
See how Lorain's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Lorain, OH | $52,055 | 85.2 | $61,097 |
| National Average | $59,384 | 100 | $59,384 |
| Kendale Lakes, FL | $52,038 | 106.6 | $48,816 |
| Granite City, IL | $52,073 | 91.9 | $56,663 |
| Kentwood, MI | $52,033 | 85.8 | $60,645 |
| Northbrook, IL | $52,081 | 92.1 | $56,548 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Lorain
Lorain's cost of living index is 85.2 (national average = 100). Living in Lorain is 14.799999999999997% less expensive than the national average.
Median Home Price
$209,000
Median Monthly Rent
$869
Annual Rent Cost
$10,428
Your Salary's Purchasing Power
Your $41,564 annual take-home pay in Lorain has the purchasing power of approximately $48,784 in an average-cost US area. Your $52,055 salary stretches further here than in most US cities.
Top Industries in Lorain
Lorain's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $52,055.
Salary Tips for Lorain Workers
- Your salary goes further here. Lorain has a cost of living 14.799999999999997% below the national average. A salary of $52,055 here has the purchasing power of about $61,097 in an average-cost area.
- Research top industries. Lorain's top industries include Manufacturing, Healthcare, Finance. Targeting roles in these sectors can help you earn above the $52,055 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Lorain, OH?
The median salary in Lorain, OH is $52,055 per year, or $25 per hour. The average salary is $58,302. This is $7,329 below the national median of $59,384.
What is the cost of living in Lorain, OH?
Lorain's cost of living index is 85.2 (national average = 100), meaning it is 14.799999999999997% less expensive compared to the national average. The median home price is $209,000 and the median monthly rent is $869.
What are the best industries in Lorain?
The top industries in Lorain, OH include Manufacturing, Healthcare, Finance. The city has a job growth rate of 1.9% and an unemployment rate of 4.1%. Workers in these industries often earn above the city's median salary of $52,055.
How does Lorain's salary compare to other cities?
Lorain's median salary of $52,055 is 12.3% below the national median of $59,384. However, when adjusted for cost of living (index: 85.2), the real purchasing power is approximately $61,097.
What is the minimum wage in Lorain, OH?
The minimum wage in Lorain, OH is $10.45 per hour. This equals approximately $21,736 per year for a full-time worker (40 hours/week). This is $3.20 above the federal minimum wage of $7.25/hour.