Ravenna, KY is a small town in the United States with a population of just under 2,000 people. It is known for its affordable living costs, with a two-bedroom rent coming in at $670 compared to the national average of $1,430. Grocery costs are also significantly lower than the US average, with an index score of 91 against 100. Local businesses include Smith’s Supermarket and Ravenna Hardware Store that have been serving the area since 1949. Popular landmarks in the area include Fort Hill Park and The Olde Mill, which offer locals stunning views of nature and a chance to explore local history.
Ravenna has an unemployment rate of 5.8%. The US average is 6.0%.
Ravenna has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 33.6%, which is higher than the US average of 33.5%.
Tax Rates for Ravenna
- The Sales Tax Rate for Ravenna is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ravenna is 7.1%. 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 $18,553 a year. The US average is $37,638 a year.
- The Median household income of a Ravenna resident is $33,750 a year. The US average is $69,021 a year.