Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 55.7 yrs |
|---|---|
| Avg HH Size | 2.27 |
| Below Poverty | 5.5% ▼ 45% below avg |
| College Grads | 26.2% ▼ 32% below avg |
| Unemployment | 8.8% ▲ 79% above avg |
| HS Graduate | 263 (51.8%) |
| Some College | 62 (12.2%) |
| Associates | 50 (9.8%) |
| Bachelors | 66 (13%) |
| Graduate Degree | 67 (13.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $67,431 ▼ 12% below avg |
|---|---|
| Median Home Value | $97,300 ▼ 65% below avg |
| Home/Income Ratio | 1.4x (nat avg ~3.5x) |
| Median Rent | $629/mo |
| Total Housing Units | 314 |
| Vacant Units | 15 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Loraine is a city in Illinois, located in Adams County. The city spans 1 ZIP code and is home to approximately 678 residents. It is an older city, with a median age of 55.7 years.
Economically, Loraine is a solidly middle-class community. The median household income of $67,431 is near the national average. Approximately 5.5% of residents live below the poverty line. The unemployment rate is 8.8%, significantly above the national average.
The real estate market in Loraine is one of the more affordable housing markets in the country. Median home values stand at $97,300, which is well below the national average. Renters typically pay around $629 per month. Homeownership is high at 80.6%, typical of suburban and family-oriented communities.
The population of Loraine is moderately educated. 26.2% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (91%).
Loraine, IL offers residents a cost-conscious lifestyle within Illinois.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 62349 | 678 | $67,431 | $97,300 | $629 | 8.8% | 26.2% | 80.6% |