Lorenzo is located in northwest Texas. Lorenzo is between the Crosby, Lubbock county. Lorenzo has 0.95 square miles of land area and has no water area. As of 2010-2014, the total Lorenzo population is 1,070, which has shrunk 22.01% since 2000. The population growth rate is much lower than the state average rate of 25.13% and is much lower than the national average rate of 11.61%. Lorenzo median household income is $37,417 in 2010-2014 and has grown by 53.11% since 2000. The income growth rate is much higher than the state average rate of 31.68% and is much higher than the national average rate of 27.36%. Lorenzo median house value is $57,000 in 2010-2014 and has grown by 58.33% since 2000. The house value growth rate is about the same as the state average rate of 59.27% and is 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 Lorenzo is worse than the state average in quality. The Lorenzo area code is 806.