Ravenna, OH

Very Low · 56

Ohio · Population 11,286 · Updated March 2026

$885
Median Rent / Month
$52,368
Median Income
$129,400
Median Home Value
$915
Owner Costs / Month

Affordability

How far your income goes in Ravenna

20.3%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Ohio

State-level tax rates that affect your costs

3.5%
Income Tax (Top Rate)
5.75%
Sales Tax
1.53%
Property Tax Rate

Estimated Annual Costs

$10,620
Annual Rent
$1,833
State Income Tax
$1,980
Property Tax (est.)

Cost of Living Overview

Ravenna is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 56 (where 100 equals the national median), Ravenna residents can expect to pay median rent of $885/month while earning a median household income of $52,368/year.

The median home value in Ravenna, OH is $129,400, with typical monthly owner costs around $915 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.3% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Ohio has a moderate income tax rate of 3.5%. Combined with a 5.75% sales tax rate and 1.53% effective property tax rate, the overall tax environment is a factor in the total cost of living in Ravenna.

Frequently Asked Questions

Common questions about living costs in Ravenna

What is the cost of living in Ravenna, OH?
The cost of living index in Ravenna, OH is 56 (US average = 100). Median monthly rent is $885, median household income is $52,368/year, and the median home value is $129,400.
Is Ravenna, OH affordable?
Yes, Ravenna is more affordable than the national average with a cost index of 56. The rent-to-income ratio is 20.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Ravenna, OH?
The median gross rent in Ravenna, OH is $885 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,620.
What is the median household income in Ravenna?
The median household income in Ravenna, OH is $52,368 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Ohio?
Ohio has a top income tax rate of 3.5%, a sales tax of 5.75%, and an effective property tax rate of 1.53%.