Lorimor, IA Profile: Facts & Data

The primary coordinate point for Lorimor is located at latitude 41.1283 and longitude -94.0533 in Union County. The formal boundaries for the City of Lorimor encompass a land area of 0.38 sq. miles and a water area of 0 sq. miles. Union County is in the Central time zone (GMT -6). The elevation is 1,230 feet.

The City of Lorimor (GNIS ID: 2395765) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Lorimor, IA Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	357 (100%)
Population in Households	357 (100.0%)
Population in Families	291 (81.5%)
Population in Group Quarters¹	0
Population Density	942
Diversity Index²	14


INCOME
Median Household Income	$47,592
Average Household Income	$74,517
% of Income for Mortgage⁴	8%
Per Capita Income	$30,863
Wealth Index⁵	76

HOUSING
Total HU (Housing Units)	211 (100%)
Owner Occupied HU	122 (57.8%)
Renter Occupied HU	37 (17.5%)
Vacant Housing Units	52 (24.6%)
Median Home Value	$92,500
Average Home Value	$124,180
Housing Affordability Index³	285

HOUSEHOLDS
Total Households	159
Average Household Size	2.25
Family Households	109
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Lorimor, IA - Peer Comparisons by Rank and Percentile

The table below compares Lorimor to the other 1,008 incorporated cities, towns and CDPs in Iowa by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	-0.08%	-0.34%
Households	-0.06%	-0.38%
Families	0.46%	-0.37%
Median Household Income		2.57%
Per Capita Income		2.96%
Owner Occupied HU		-0.33%

Variable Description	Rank	Percentile
Total Population	# 551	45th
Population Density	# 329	67th
Median Household Income	# 893	12th
Housing Affordability Index	# 683	68th
Per Capita Income	# 465	54th
Diversity Index	# 340	66th

Lorimor, IA Profile: Facts & Data

Lorimor, Iowa - Basic Facts

Lorimor, IA Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lorimor, IA - Peer Comparisons by Rank and Percentile

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