Last updated: 2024 BLS data · Page refreshed:
Lake Lorraine has a population of 6,903 with a median age of 41.7. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 6,903 |
| Median Age | 41.7 |
| White | 75.3% |
| Black or African American | 3.2% |
| Asian | 3.4% |
| Hispanic or Latino | 16.9% |
| Other / Two or More Races | 1.2% |
The median household income in Lake Lorraine is $104,105, which is 29.1% above the national median of $80,610. The per capita income is $61,680. The poverty rate is 6.6%.
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In Lake Lorraine, 93.9% of residents age 25+ have a high school diploma or higher, and 49.4% hold a bachelor's degree or higher (28.1% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 93.9% |
| Bachelor's Degree or Higher | 49.4% |
| Graduate or Professional Degree | 28.1% |
The median home value in Lake Lorraine is $434,500, above the national median of $303,400. The median monthly rent is $1,654. The homeownership rate is 73.2%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $434,500 |
| Median Monthly Rent | $1,654 |
| Homeownership Rate | 73.2% |
| Vacancy Rate | 13.7% |
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