Ravenna, Kentucky is a small town in Elliott County with a population of 472 residents. It offers many opportunities for people looking for a quiet place to live with access to big city amenities. The 2 bedroom rent cost in Ravenna, KY is $670 which is significantly lower than the US average of $1430. To meet the grocery and other needs of its citizens, Ravenna has some local businesses like Dollar General and Twin Valley Country Store. There are also restaurants like Papa’s Pizza & Subs and the famous Bluegrass Barbeque Restaurant. According to Numbeo's Grocery Cost Index, the index in Ravenna is 91 which is slightly lower than the US average of 100.
Ravenna (zip 40472) has an unemployment rate of 5.8%. The US average is 6.0%.
Ravenna (zip 40472) 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 (zip 40472)
- The Sales Tax Rate for Ravenna (zip 40472) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ravenna (zip 40472) 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 (zip 40472)
- The average income of a Ravenna (zip 40472) resident is $20,470 a year. The US average is $37,638 a year.
- The Median household income of a Ravenna (zip 40472) resident is $37,457 a year. The US average is $69,021 a year.