It lies in the southernmost quarter of Upper Austria called "Traunviertel".

The closest city of administrative importance is Steyr, which is 20 km to North.

Losenstein is the birthplace of the famous dialect poet Anton Schosser (1801–1849).

The village is sometimes referred to as the gem of the Enns-valley ("Die Perle des Ennstales").

The recent development policies were focused on attracting highly-technical industrial and chemical firms, providing sophisticated job opportunities for inhabitants and commuters from nearby villages.