Housing costs in Ravenna?
A typical home costs
$183,300, which is 45.8% less expensive than the national average of
$338,100 and 7.0% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Ravenna costs
$990 per month, which is 1.0% more than the national average of
$980 and 4.0% cheaper than the state average of
$1,030.
Can I afford Ravenna?
To live comfortably in Ravenna (zip 44266), Ohio, a minimum annual income of
$35,280 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Ravenna?
The cost of living in Ravenna, OH (44266) is relatively low when compared to larger cities. According to bestplaces.net the cost of living index in this area is 86.3 compared to the national average of 100, indicating a nearly 14% lower cost than the rest of the country. This is due in part to the affordable housing market, with a median home value hovering around $111,500 which is well below the national median home value of $184,700 and extremely reasonable rental rates for both apartments and houses alike. Additionally, groceries and other essential goods can be purchased at relatively low prices due to competition between local grocers and chain stores. Overall, Ravenna offers its residents a comfortable quality of life with an affordable cost of living.