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The total population of Lorenzo is estimated to be 878 with 432 males (49.20%) and 446 females (50.80%). There are 14 more females than males in Lorenzo.
The median household income in Lorenzo was $35,679 in 2021, which marked an a decrease of 2,682(6.99%) from $38,361 in 2020. This income is 47.82% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Lorenzo sees its highest median household income among householders in the age group of 45 to 64 years old, at $48,911. Overall, the median household income for the city of Lorenzo stands at $35,679.
In Lorenzo, the median income for all workers aged 15 years and older, regardless of work hours, was $26,958 for males and $21,618 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $45,758 for males and $29,185 for females.
In Lorenzo, there are just two different racial groups among households. Among these, White households report a median household income of $36,481, while Some Other Race households have a median household income of $28,581.
In 2022, the population of Lorenzo was 939, a 1.78% decrease year-by-year from 2021. Previously, in 2021, Lorenzo's population was 956, a decline of 0.52% compared to a population of 961 in 2020.
The median age in Lorenzo, TX is 27.6, as per 2021 ACS 5-Year Estimates. Of the total population, 25.20% were under the age of 15, 27.25% aged 15 to 29, 33.24% aged 30 to 64, 12.06% aged 65 to 84, and 2.25% were 85 years of age and older.
Racial distribution of Lorenzo population: 81.96% are White, 4.02% are Black or African American, 1.18% are Asian, 8.24% are some other race and 4.61% are multiracial.