Loraine is located in west Illinois. Loraine is between the Adams, Hancock county. Loraine has 0.85 square miles of land area and has no water area. As of 2010-2014, the total Loraine population is 279, which has shrunk 23.14% since 2000. The population growth rate is much lower than the state average rate of 3.62% and is much lower than the national average rate of 11.61%. Loraine median household income is $38,000 in 2010-2014 and has has shrunk by 9.25% since 2000. The income growth rate is much lower than the state average rate of 22.70% and is much lower than the national average rate of 27.36%. Loraine median house value is $74,000 in 2010-2014 and has shrunk by -91.71% since 2000. The house value growth rate is much higher than the state average rate of 34.33% and is much higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Loraine is close to the state average in quality. The Loraine area code is 217.