Ravanna township, MO is a small town with lower cost of living than the US. Rent for 2 bedroom units is around $710 compared to the national average of $1,430. Local grocery items also tend to be cheaper with an index score of 91 as opposed to 100 in the US. Ravanna has many local businesses that help shape the community such as Jane’s Hair Salon, which offers affordable services, and The Donut Shack which offers delectable treats. These local companies provide services and goods at a cheaper rate than what can be found elsewhere in the US. While Ravanna township has low costs of living when compared to the nation as a whole, it still maintains quality services and products that residents have come to expect.
Ravanna township has an unemployment rate of 3.6%. The US average is 6.0%.
Ravanna township has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Ravanna township
- The Sales Tax Rate for Ravanna township is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Ravanna township is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Ravanna township
- The average income of a Ravanna township resident is $23,396 a year. The US average is $28,555 a year.
- The Median household income of a Ravanna township resident is $77,917 a year. The US average is $69,021 a year.