Can A Financial Analyst Afford Rent in Lorain, OH?

Comfortably affordable — rent takes 13.3% of gross income.

Lorain rent: June 2026. Salary: BLS OEWS May 2024 (Ohio state estimate).

Lorain median rent
$1,075/mo
Financial Analyst salary (Ohio)
$97,140/yr
Rent as % of income
13.3%
Gross monthly income works out to about $8,095, and the 30% rule supports up to $2,429/mo in rent. Lorain's median rent of $1,075 leaves roughly $1,354/mo of headroom under that threshold. A financial analyst works roughly 23 hours a month to cover that rent.

About rent and a financial analyst salary

Financial analyst pay covers comfortable rent in most US cities. At the national-average financial-analyst salary, the 30% rule supports about $2,584 a month in rent, which is above the median in nearly every metro tracked here.

Cheaper rent nearby

These Ohio cities have lower median rent than Lorain, which improves the affordability math on a financial analyst salary:

Lima, OH
$1,072/mo (13.2% of income)
Lima, OH
$1,070/mo (13.2% of income)
Columbus, OH
$1,070/mo (13.2% of income)

Compare with full rent data for Lorain

View full rent data for Lorain, OH

Frequently asked questions

Can a financial analyst afford rent in Lorain, OH?

Median rent in Lorain is $1,075 a month. A typical financial analyst in Ohio earns about $97,140 a year, which makes that rent 13.3% of gross monthly income. Under the 30% rule, the answer is yes.

How much rent can a financial analyst afford in Lorain?

Using the 30% rule, a financial analyst salary in Ohio (~$97,140/yr) supports up to $2,429 a month in rent. Lorain's current median rent is $1,075/mo, which leaves a $1,354/mo buffer.

How many hours does a financial analyst work to cover rent in Lorain?

At an hourly equivalent of about $47 an hour, a financial analyst in Ohio works roughly 23 hours a month to cover Lorain's median rent of $1,075.

Where is rent cheaper than Lorain for a financial analyst?

Nearby Ohio cities with lower median rent include Lima ($1,072/mo), Lima ($1,070/mo), Columbus ($1,070/mo). Each shifts the affordability math materially on a financial analyst salary.

Methodology: Salary uses the BLS-derived Ohio state estimate from OEWS May 2024. Rent is the most recent ZORI monthly value for Lorain, OH. Affordability applies the 30% rule (rent ≤ 30% of gross income). Real take-home varies with taxes, household composition, overtime, tips, and benefits.