Income & Economy in Lorain city, OH (44055)
Median Income
$36,603
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+843
Wealth inflow
Population
19,870
Unemployment
5.5%
1.8pp above US avg
IRS migration statistics show a net inflow of about 843 for ZIP 44055 (Lorain city, OH) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 44055 (2020–Present)
Since 2020, population grew 3.1%, median income fell 5.9% (inflation-adjusted), home values increased 16.8%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $36,603 |
| Unemployment | 5.5% |
| Establishments | 194 |
| Employees | 2,130 |