Cost of Living in Ravenna, OH

Population 11,286 · Ohio · Data vintage 2023

52
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Ravenna a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $129,000. Around 21% of residents live below the federal poverty line, a rate that tends to correlate with the income and housing figures above.

Geographically, Ravenna sits roughly 15 miles east of Akron. Median home values run roughly 16% higher than Akron's $111,000.

Cost Overview

Housing 42
Rent 67

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Ravenna

The median home value in Ravenna is $129,400 — 58% below the national median of $305,000. Median rent runs $885/month, 33% lower than the national median of $1,314/month. The median household income of $52,368/year is 30% lower than the US median of $74,580. The local unemployment rate is 6.6%, above the national average of 4.8%. Ohio's top state income tax rate is 3.8% and the combined sales tax is 7.2%. The climate averages highs of 62.1°F and lows of 42.5°F. Overall, Ravenna has a cost of living index of 52 versus the US average of 100, meaning it is 48% less expensive.

🏠 Housing

Median Home Value
$129,400
58% below avg
Zillow Home Value
$209,949
Zillow ZHVI
Median Rent
$885/mo
33% below avg
Price-to-Rent Ratio
12.2x
Favors buying
Property Tax Rate
1.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$686
1 BR
$748
2 BR
$929
3 BR
$1,199
4 BR
$1,374
Owner-occupied 49.8%
Renter-occupied 50.2%

💰 Estimated Monthly Budget

Rent median rent
$885
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,499/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
24.8 min
8% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
6.8%

Commute Mode

Drove alone
80.0%
Carpooled
9.6%
Public transit
0.8%
Walked
0.8%
Work from home
6.8%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 3.8%
Total Sales Tax 7.2%
State rate 5.8%
Avg local rate 1.4%
Property Tax 1.6%

💼 Income & Employment

Median Household Income
$52,368
30% below avg
Per Capita Income
$30,564
Unemployment Rate
6.6%
37% above avg
Poverty Rate
21.2%
Labor Force Participation
63.3%

🎓 Education

Bachelor's degree+ 10.4%
Graduate degree 10.0%

👥 Demographics

Median Age 38
Male median age 37.2
Female median age 40.2

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
62.1°F
Avg Low
42.5°F
Annual Precip
32.5"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 374049627381858477655241
Low °F 212230405160646255443527
Precip" 1.831.452.482.833.563.673.653.003.182.532.322.01

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 43 — Good
73.9%
Good air days/yr
159
Max AQI recorded
0
PM2.5 days
241
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

79.9%
4-Year Graduation Rate
15.4:1
Student-teacher ratio
11
Public schools
3,687
Total enrollment

Frequently Asked Questions

What is the cost of living in Ravenna, OH?

Ravenna has a cost index of 52 (100 = national average). It is 48% below the national average.

What is average rent in Ravenna, OH?

The median gross rent in Ravenna is $885 per month based on 2023 Census data.

What is the average home price in Ravenna?

The median home value in Ravenna is $129,400 according to Zillow and Census data.

What is the median income in Ravenna?

The median household income in Ravenna is $52,368 per year (2023 ACS 5-year estimates).

What is the sales tax in Ravenna, OH?

The combined state and local sales tax rate in Ravenna is 7.2%. The Ohio state income tax top rate is 3.8%.

Is Ravenna, OH affordable?

Yes, Ravenna is generally considered affordable, with a cost of living index of 52 — about 48% below the US national average of 100.

What is the weather like in Ravenna?

Ravenna has average high temperatures of 62.1°F and average lows of 42.5°F. Annual precipitation is 32.5". Data from NOAA 1991–2020 Climate Normals.

Ravenna at a Glance

Population
11,286
Median Income
$52,368
Home Value
$129,400
Median Rent
$885/mo
Unemployment
6.6%
Avg High Temp
62.1°F
Sales Tax
7.2%
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