Ravenna, MN is a small city located in northern Minnesota. It is home to many local businesses such as the Greater Ravenna Area Chamber of Commerce, Ravenna Public Library and the Ravenna School District. The cost of living in Ravenna is relatively low compared to other parts of the country with a two bedroom rent averaging $1,240 versus $1,430 nationwide. Groceries are also cheaper than average with an index of 101 compared to 100 elsewhere in the United States. This makes Ravenna an ideal place for those looking for a more affordable lifestyle without sacrificing quality services and amenities.
Ravenna has an unemployment rate of 4.1%. The US average is 6.0%.
Ravenna has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Ravenna
- The Sales Tax Rate for Ravenna is 7.1%. 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 $36,045 a year. The US average is $28,555 a year.
- The Median household income of a Ravenna resident is $123,750 a year. The US average is $69,021 a year.