Ravenna, OH is a great place to live for those looking for an affordable lifestyle. With a two bedroom rent of $980 compared to the US average of $1,430 and a grocery cost index of 96 versus 100 in the US, Ravenna offers residents many advantages. Nestled midway between Cleveland and Akron, it is within easy access to major cities. In addition to its convenient location and affordability, Ravenna boasts well-known companies such as First Energy Solutions and Life Support Products. Residents enjoy quick access to parks, trails and other outdoor activities as well as plenty of art galleries, museums and restaurants. There is something for everyone in Ravenna!
Ravenna has an unemployment rate of 4.8%. The US average is 6.0%.
Ravenna has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Ravenna
- The Sales Tax Rate for Ravenna is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Ravenna is 5.4%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Ravenna
- The average income of a Ravenna resident is $20,907 a year. The US average is $28,555 a year.
- The Median household income of a Ravenna resident is $38,765 a year. The US average is $69,021 a year.