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Places/OH/Lorain
County profile

Lorain

United States · GDP 2024
#326 of 3,127 US counties by GDP66th-percentile growthmore diversified than 81% of counties
EA Place Score
——
methodology in progress
GDP 2024 (USD)
$15.0B
GDP growth
+5.8%
Jobs tracked
89,159
Employers
5,664
Avg. wage
$53.4k
Population
323,219
Labor & formation
Unemployment
3.2%
Median HH income
$73.3k±$1.5k
Business applications
3,549 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA
1Avient CorporationBasic Materials$3.3B75B+

HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).

Industry mix · employment
Health care25%
Manufacturing24%
Retail trade21%
Food & accommodation15%
Admin & support8%
Wholesale trade7%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
323,219
residents · 2025 · +3.1% since 2020
Income per capita $61.8k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+10,628
International migration+1,852
Natural change−3,022

GDP trend

2019–2024 · nominal
$11.4B
2019
$11.1B
2020
$12.3B
2021
$13.1B
2022
$14.2B
2023
$15.0B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$223.2k±$3.7k
Median gross rent
$966/mo±$21/mo
Vacancy rate
6.6%±0.6%
Affordability
4.2× wages
Residential permits
1,082 (3.3/1k pop)
FEMA risk score
86.3
HUD Fair Market Rent (2BR):$1.3k/mo · 2026
TOP PERILS · FEMA NRI
Strong wind 93Ice storm 92Hail 91
FHFA HOUSE PRICE INDEX · 2016–2025
327
2016
344
2017
361
2018
377
2019
394
2020
438
2021
495
2022
541
2023
581
2024
614
2025

Transport access

BTS · FAA · USACE
Nearest interstate
10.3 km
I-90
Nearest freight rail
4.8 km
CSXT
Nearest port
18.3 km
TERMINAL READY-MIX INC
Nearest commercial airport
27.8 km
CLEVELAND-HOPKINS INTL
Filing activity
SEC EDGAR

4 filings from 1 company here in the last 90 days.

8-KAvient Corporation05-15
8-KAvient Corporation05-07
10-QAvient Corporation05-07
8-KAvient Corporation04-27
DEF 14AAvient Corporation03-27
10-KAvient Corporation02-17
8-KAvient Corporation02-12
8-KAvient Corporation11-05
10-QAvient Corporation11-05
10-QAvient Corporation08-01
Wage trend
BLS QCEW · 2019–2023
$53.4k
avg. annual pay · +21% since 2019
Similar US counties
nearest by GDP
Erie$15.0BChesapeake (Independent City)$15.2BHays$15.3BGreene$14.7BOneida$14.7BHinds$15.4B
The read

Lorain's economy produced $15.0B in 2024, growing 5.8% year over year — faster than most US counties. Its largest employment sector is health care.

GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.
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