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The total population of Loretto is estimated to be 1,317 with 435 males (33.03%) and 882 females (66.97%). There are 447 more females than males in Loretto.
The median household income in Loretto was $55,397 in 2021, which marked an an increase of 14,321(34.86%) from $41,076 in 2020. This income is 74.25% 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, Loretto sees its highest median household income among householders in the age group of 45 to 64 years old, at $109,442. Overall, the median household income for the borough of Loretto stands at $55,397.
In Loretto, the median income for all workers aged 15 years and older, regardless of work hours, was $4,769 for males and $3,808 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $72,061 for males and $44,419 for females.
In Loretto, population is primarily represented by White households, reporting a median income of $57,648.
In 2022, the population of Loretto was 1,190, a 0.68% increase year-by-year from 2021. Previously, in 2021, Loretto's population was 1,182, a decline of 0.59% compared to a population of 1,189 in 2020.
The median age in Loretto, PA is 20.3, as per 2021 ACS 5-Year Estimates. Of the total population, 0.65% were under the age of 15, 86.84% aged 15 to 29, 7.96% aged 30 to 64, 2.84% aged 65 to 84, and 1.71% were 85 years of age and older.
Racial distribution of Loretto population: 89.60% are White, 3.66% are Black or African American, 0.89% are Asian, 0.97% are Native Hawaiian and other Pacific Islander, 0.73% are some other race and 4.14% are multiracial.