Housing costs in Ravenna?
A typical home costs
$472,500, which is 39.8% more expensive than the national average of
$338,100 and 52.7% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Ravenna costs
$1,240 per month, which is 13.3% cheaper than the national average of
$1,430 and close to the state average of
$1,240.
Can I afford Ravenna?
To live comfortably in Ravenna, Minnesota, a minimum annual income of
$90,360 for a family, and
$40,800 for a single person is recommended.
What does A.I. say about Ravenna?
The cost of living in Ravenna, MN is relatively low compared to the national average. The median home price is around $194,000, which is much lower than other locations in Minnesota. Additionally, the overall cost of living index is 83.4, which is 17% lower than the United States as a whole. The consumer price index and housing costs are also below the national average, making it an affordable place to live. Utilities are slightly higher than the national average, but this is offset by lower prices on food and goods. With its safe neighborhoods and access to recreational opportunities, Ravenna provides an excellent value for those looking for a rural lifestyle.