Loretto, PA
Population 1,370 · Pennsylvania
About Loretto, PA
Loretto is a small town located in Pennsylvania with a population of 1,370 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,591 per year, which is 18% below the national median of $75,149. The median age of 20.5 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Loretto features a median home value of $187,500, which is 23% below the national median of $244,900. This positions Loretto in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 175 total housing units, 71% are owner-occupied (74 units) and 29% are renter-occupied (30 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Loretto shows an unemployment rate of 5.4%, which is near the national rate of 3.7%. The poverty rate stands at 41.2%, above the national average of 12.4%. Workers in Loretto have an average one-way commute time of 13.4 minutes, one of the shorter commutes in the region.
Education & Demographics
52.8% of Loretto 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 0.9% White, 3.4% Hispanic or Latino, 0.3% Black or African American, and 0.6% Asian residents, with 5.8% of the population being foreign-born.
Cost of Living in Loretto, PA
Compared to national averages, Loretto has a median household income of $61,591 (18% below the national median of $75,149). Home values average $187,500, which is 23% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Pennsylvania, Loretto's income is 16% below the state average of $73,376, and home values are 2% below the state median of $190,903.
Why Live in Loretto, PA?
Loretto offers affordable housing with a median home value of $187,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a well-educated community where 52.8% of residents hold a bachelor’s degree or higher. Additionally, the city features short commute times averaging just 13.4 minutes.
Potential considerations include median household income ($61,591) that falls below the national average. However, Loretto’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Loretto has a population of 1,370 with a median age of 20.5 years. Compare Loretto with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Loretto
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Troy | 1,373 | $49,583 | $148,600 | Compare |
| Factoryville | 1,374 | $51,635 | $187,500 | Compare |
| Burgettstown | 1,376 | $58,000 | $140,800 | Compare |
| New Beaver | 1,377 | $61,364 | $130,600 | Compare |
| Elizabeth | 1,378 | $45,278 | $109,800 | Compare |
| Montgomery | 1,379 | $56,490 | $126,200 | Compare |
| Dalton | 1,381 | $91,667 | $247,900 | Compare |
| Bainbridge | 1,357 | $95,368 | $222,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Loretto With Other Cities
Frequently Asked Questions about Loretto
What is the population of Loretto, PA?
The population of Loretto, PA is 1,370 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Pennsylvania.
What is the median household income in Loretto?
The median household income in Loretto, PA is $61,591 per year, which is 18% below the national median of $75,149.
What is the median home value in Loretto?
The median home value in Loretto, PA is $187,500, which is 23% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Loretto?
The median monthly rent in Loretto, PA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Loretto?
The unemployment rate in Loretto, PA is 5.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Loretto, PA a good place to live?
Loretto offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,370 and a median age of 20.5, the city appeals to young professionals and families.
How educated is Loretto, PA?
52.8% of residents in Loretto 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 Loretto?
Key cost-of-living indicators for Loretto, PA: median home value is $187,500 (23% below national), median rent is $0/month, and median household income is $61,591. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Loretto?
The poverty rate in Loretto, PA is 41.2%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Loretto, PA?
Loretto's population is 0.9% White, 3.4% Hispanic or Latino, 0.3% Black or African American, 0.6% Asian, and 5.3% two or more races. 5.8% of residents are foreign-born.