Lake Lorraine, WI Profile: Facts & Data

The Lake Lorraine Census Designated Place has a U2 Census Class Code which indicates a census designated place without an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Lake Lorraine Census Designated Place is located within Town of Richmond, a minor civil division (MCD) of Walworth County.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Lake Lorraine, WI Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	330 (100%)
Population in Households	330 (100.0%)
Population in Families	271 (82.1%)
Population in Group Quarters¹	0
Population Density	295
Diversity Index²	25


INCOME
Median Household Income	$71,319
Average Household Income	$112,571
% of Income for Mortgage⁴	26%
Per Capita Income	$50,827
Wealth Index⁵	137
Socioeconomic Status Index⁶	Moderate (62.6)

HOUSING
Total HU (Housing Units)	187 (100%)
Owner Occupied HU	136 (72.7%)
Renter Occupied HU	13 ( 7.0%)
Vacant Housing Units	38 (20.3%)
Median Home Value	$298,571
Average Home Value	$351,838
Housing Affordability Index³	88

HOUSEHOLDS
Total Households	149
Average Household Size	2.21
Family Households	96
Average Family Size	3.00

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.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Lake Lorraine, WI - Peer Comparisons by Rank and Percentile

The table below compares Lake Lorraine to the other 807 incorporated cities, towns and CDPs in Wisconsin by rank and percentile using July 1, 2024 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	2020-2024	2024-2029
Population	-0.56%	-0.61%
Households	0.00%	-0.27%
Families		1.61%
Median Household Income		3.36%
Per Capita Income		5.17%
Owner Occupied HU		-1.05%

Variable Description	Rank	Percentile
Total Population	# 612	24th
Population Density	# 599	26th
Median Household Income	# 444	45th
Housing Affordability Index	# 211	26th
Per Capita Income	# 116	86th
Diversity Index	# 294	64th

Lake Lorraine, WI Profile: Facts & Data

Lake Lorraine, Wisconsin - Basic Facts

Lake Lorraine, WI Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lake Lorraine, WI - Peer Comparisons by Rank and Percentile

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Walworth County