Ravenna, OH Cost Of Living
Cost Of Living In Ravenna, OH Summary
Cost of living in Ravenna research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Ravenna is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Ohio, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Ravenna is 86, with 100 being the average.
The cost of living index in Ravenna is 0.9x lower than the national average.
Ravenna ranks as the #69 cheapest in Ohio out of 286.
Ravenna ranks as the #938 cheapest out of 6,412 in the US.
The median home value in Ravenna is $108,900.
The median income in Ravenna is $38,765.
Table Of Contents
Ravenna's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Ravenna, OH?
According to the most recent data on the cost of living, Ravenna has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.
Compared to Ohio, Ravenna has a cost of living index that's 0.9x lower than Ohio's index of 91.
The standard of living in Ravenna ranks as #69 most affordable out of the 286 places we measured in Ohio. By definition, that implies Ravenna ranks as the #217 most expensive place in the Buckeye State.
For more reading on life in Ravenna, check out:
- Living In Ravenna
- Search Homes For Sale In Ravenna, OH
In Ohio
In America
Ravenna Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in Ravenna. Here is how it fairs on each of the criteria:
The Services index in Ravenna is 102.
The Groceries index in Ravenna is 104.
The Health index in Ravenna is 100.
The Housing index in Ravenna is 59.
The Transportation index in Ravenna is 96.
The Utilities index in Ravenna is 99.
| Living Expense | Ravenna | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 86 | 91 | 100 | |
| Services | 102 | 98 | 100 | |
| Groceries | 104 | 101 | 100 | |
| Health | 100 | 95 | 100 | |
| Housing | 59 | 73 | 100 | |
| Transportation | 96 | 98 | 100 | |
| Utilities | 99 | 93 | 100 | |
Ravenna, OH Housing Cost Breakdown
Housing swings affordability the most between places in Ohio, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Ravenna is $108,900.
The Median Rent in Ravenna is $811.
The Median Income in Ravenna is $38,765.
The Home Value To Income in Ravenna is 2.8x.
The Rent To Monthly Income in Ravenna is 0.25x.
| Statistic | Ravenna | Ohio | United States |
|---|---|---|---|
| Median Home Value | $108,900 | $159,900 | $244,900 |
| Median Rent | $811 | $870 | $1,163 |
| Median Income | $38,765 | $61,938 | $69,021 |
| Home Value To Income | 2.8x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Ravenna, OH Costs By Category
Detailed Ravenna Services Costs Vs. Ohio
Detailed Ravenna Groceries Costs Vs. Ohio
Detailed Ravenna Health Costs Vs. Ohio
Detailed Ravenna Transportation Costs Vs. Ohio
Detailed Ravenna Utilities Costs Vs. Ohio
Ravenna SnackAbility
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Cost Of Living In Cities Around Ravenna
The cost of living varies in the cities and towns around Ravenna. Here's a quick look at the cost of living in the most populous nearby places:
Stow, OH has a cost of living index of 99, 1.2x Ravenna.
Kent, OH has a cost of living index of 94, 1.1x Ravenna.
Green, OH has a cost of living index of 99, 1.2x Ravenna.
| City | Population | Cost Of Living | Vs. Ravenna |
|---|---|---|---|
| Stow, OH | 34,556 | 99 | 1.2x |
| Kent, OH | 27,912 | 94 | 1.1x |
| Green, OH | 27,267 | 99 | 1.2x |
| Solon, OH | 24,070 | 114 | 1.3x |
| Hudson, OH | 23,001 | 124 | 1.4x |
| Twinsburg, OH | 19,220 | 103 | 1.2x |
| Tallmadge, OH | 18,409 | 96 | 1.1x |
| Streetsboro, OH | 17,282 | 95 | 1.1x |
| Aurora, OH | 17,108 | 111 | 1.3x |
| Macedonia, OH | 12,083 | 103 | 1.2x |
