Cost of Living in Ravenswood, WV

Population 3,846 · West Virginia · Data vintage 2023

49
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

At $45,392, median household incomes in Ravenswood land roughly 39% below the US median, a gap that tends to persist across local labor-market indicators. Around 30% of residents live below the federal poverty line, a rate that tends to correlate with the income and housing figures above.

Located 95 miles southeast of Columbus, Ravenswood is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 58% lower than Columbus' $235,000.

Cost Overview

Housing 33
Rent 74

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

About the Cost of Living in Ravenswood

The median home value in Ravenswood is $99,600 — 67% below the national median of $305,000. Median rent runs $969/month, 26% lower than the national median of $1,314/month. The median household income of $45,392/year is 39% lower than the US median of $74,580. The local unemployment rate is 5.4%, above the national average of 4.8%. West Virginia's top state income tax rate is 6.5% and the combined sales tax is 6.4%. The climate averages highs of 65.2°F and lows of 44.6°F, with about 11.3" of annual snowfall. Overall, Ravenswood has a cost of living index of 49 versus the US average of 100, meaning it is 51% less expensive.

🏠 Housing

Median Home Value
$99,600
67% below avg
Zillow Home Value
$172,004
Zillow ZHVI
Median Rent
$969/mo
26% below avg
Price-to-Rent Ratio
8.6x
Favors buying
Property Tax Rate
0.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$658
1 BR
$729
2 BR
$883
3 BR
$1,182
4 BR
$1,304
Owner-occupied 69.5%
Renter-occupied 30.5%

💰 Estimated Monthly Budget

Rent median rent
$969
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,583/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
23.5 min
13% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
18.5%

Commute Mode

Drove alone
69.5%
Carpooled
3.7%
Walked
8.3%
Work from home
18.5%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 6.5%
Total Sales Tax 6.4%
State rate 6.0%
Avg local rate 0.4%
Property Tax 0.6%

💼 Income & Employment

Median Household Income
$45,392
39% below avg
Per Capita Income
$36,609
Unemployment Rate
5.4%
13% above avg
Poverty Rate
29.6%
Labor Force Participation
47.8%

🎓 Education

Bachelor's degree+ 13.5%
Graduate degree 6.5%

👥 Demographics

Median Age 40.1
Male median age 37.2
Female median age 45.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
65.2°F
Avg Low
44.6°F
Annual Precip
44.2"
Annual Snowfall
11.3"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 404454677683878680685545
Low °F 242633425362666457453529
Precip" 3.413.014.003.744.484.894.633.653.232.952.833.39
Snow" 5.53.31.00.00.00.00.00.00.00.00.21.3

Frequently Asked Questions

What is the cost of living in Ravenswood, WV?

Ravenswood has a cost index of 49 (100 = national average). It is 51% below the national average.

What is average rent in Ravenswood, WV?

The median gross rent in Ravenswood is $969 per month based on 2023 Census data.

What is the average home price in Ravenswood?

The median home value in Ravenswood is $99,600 according to Zillow and Census data.

What is the median income in Ravenswood?

The median household income in Ravenswood is $45,392 per year (2023 ACS 5-year estimates).

What is the sales tax in Ravenswood, WV?

The combined state and local sales tax rate in Ravenswood is 6.4%. The West Virginia state income tax top rate is 6.5%.

Is Ravenswood, WV affordable?

Yes, Ravenswood is generally considered affordable, with a cost of living index of 49 — about 51% below the US national average of 100.

What is the weather like in Ravenswood?

Ravenswood has average high temperatures of 65.2°F and average lows of 44.6°F. Annual precipitation is 44.2". Average annual snowfall is 11.3". Data from NOAA 1991–2020 Climate Normals.

Ravenswood at a Glance

Population
3,846
Median Income
$45,392
Home Value
$99,600
Median Rent
$969/mo
Unemployment
5.4%
Avg High Temp
65.2°F
Sales Tax
6.4%
View all cities in West Virginia →
🗺️ County data for West Virginia

Explore county-level cost of living data

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