Lake Lorraine, FL
Population 7,210 · Florida
About Lake Lorraine, FL
Lake Lorraine is a small town located in Florida with a population of 7,210 residents according to the latest US Census Bureau American Community Survey data. The median household income is $91,619 per year, which is 22% above the national median of $75,149. The median age of 41.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lake Lorraine features a median home value of $411,900, which is 68% above the national median of $244,900. This places Lake Lorraine in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,488, 28% above the national average of $1,163/month. Of the 3,370 total housing units, 72% are owner-occupied (2,120 units) and 28% are renter-occupied (825 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Lorraine shows an unemployment rate of 2.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Lorraine have an average one-way commute time of 23.1 minutes.
Education & Demographics
48.9% of Lake Lorraine residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 5.2% White, 2.4% Hispanic or Latino, 0.6% Black or African American, and 8.5% Asian residents, with 6.4% of the population being foreign-born.
Cost of Living in Lake Lorraine, FL
Compared to national averages, Lake Lorraine has a median household income of $91,619 (22% above the national median of $75,149). Home values average $411,900, which is 68% above the national median. Monthly rent at $1,488 is 28% above the US average of $1,163. Within Florida, Lake Lorraine's income is 21% above the state average of $75,893, and home values are 16% above the state median of $353,675.
Why Live in Lake Lorraine, FL?
Lake Lorraine offers a strong local economy with a median household income of $91,619, well above the national average, and a strong job market with an unemployment rate of just 2.2%, and a well-educated community where 48.9% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 8.0%, better than the national average, and short commute times averaging just 23.1 minutes.
Potential considerations include a competitive housing market where the typical home costs $411,900. However, Lake Lorraine’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Lorraine has a population of 7,210 with a median age of 41.3 years. Compare Lake Lorraine with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Lake Lorraine
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Neptune Beach | 7,199 | $111,025 | $613,500 | Compare |
| Southeast Arcadia | 7,247 | $53,532 | $127,500 | Compare |
| Clewiston | 7,257 | $57,110 | $210,000 | Compare |
| Connerton | 7,159 | $121,461 | $437,000 | Compare |
| West Samoset | 7,273 | $55,938 | $213,900 | Compare |
| Mims | 7,282 | $57,232 | $235,600 | Compare |
| Willow Oak | 7,299 | $59,346 | $241,600 | Compare |
| Inwood | 7,098 | $38,786 | $115,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lake Lorraine With Other Cities
Frequently Asked Questions about Lake Lorraine
What is the population of Lake Lorraine, FL?
The population of Lake Lorraine, FL is 7,210 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Florida.
What is the median household income in Lake Lorraine?
The median household income in Lake Lorraine, FL is $91,619 per year, which is 22% above the national median of $75,149.
What is the median home value in Lake Lorraine?
The median home value in Lake Lorraine, FL is $411,900, which is 68% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Lorraine?
The median monthly rent in Lake Lorraine, FL is $1,488, which is 28% above the national average of $1,163/month.
What is the unemployment rate in Lake Lorraine?
The unemployment rate in Lake Lorraine, FL is 2.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lake Lorraine, FL a good place to live?
Lake Lorraine offers above-average incomes, a competitive housing market, and a strong job market. With a population of 7,210 and a median age of 41.3, the city appeals to a broad range of residents.
How educated is Lake Lorraine, FL?
48.9% of residents in Lake Lorraine aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lake Lorraine?
Key cost-of-living indicators for Lake Lorraine, FL: median home value is $411,900 (68% above national), median rent is $1,488/month, and median household income is $91,619. The home-value-to-income ratio is 4.5x, a moderate figure by national standards.
What is the poverty rate in Lake Lorraine?
The poverty rate in Lake Lorraine, FL is 8.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Lorraine, FL?
Lake Lorraine's population is 5.2% White, 2.4% Hispanic or Latino, 0.6% Black or African American, 8.5% Asian, and 5.0% two or more races. 6.4% of residents are foreign-born.