Ravenna, TX is a small town in the state of Texas with a population of around 1,500 people. The cost of living in Ravenna is much lower than the US average, as demonstrated by the average 2 bedroom rent being only $960 compared to $1,430 across the US. Additionally, grocery costs are 6% lower in Ravenna than they are on average in the US (94 vs 100). Local businesses in Ravenna include The Cotton Gin Grocery Store, Ravenna's Feed & Seed Store, and Whiz Burgers Drive In. The median household income in Ravenna is $43,750 which is very close to the US median household income of $61,937.
Ravenna has an unemployment rate of 5.1%. The US average is 6.0%.
Ravenna has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 39.5%, which is higher than the US average of 33.5%.
Tax Rates for Ravenna
- The Sales Tax Rate for Ravenna is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Ravenna is 0.0%. 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 $54,070 a year. The US average is $37,638 a year.
- The Median household income of a Ravenna resident is $68,750 a year. The US average is $69,021 a year.