salaryRent is lower than in 73% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.
How much money do I need?
To rent here comfortably, you should earn about $49,400 a year. That is $24 an hour at a full-time job.
Is rent cheaper than other Ohio cities?
Yes. Rent here is cheaper than in most of Ohio. It is number 139 of 288 cities from cheapest to most expensive.
How much do households earn in Ravenna?
Share of households by yearly income. 13.0% of households earn $100,000 or more.
Rent by apartment size in Ravenna
| Size | Ravenna | U.S. average |
|---|---|---|
| Studio | $883 | $1,338 |
| 1 bedroom | $868 | $1,324 |
| 2 bedrooms | $1,019 | $1,509 |
| 3 bedrooms | $1,357 | $1,698 |
| 4 bedrooms | $1,649 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Ravenna overall?
Everyday prices in Ohio overall are 7% below the U.S. average (index 92.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Ravenna, so the Ohio figure is shown.
Taxes and bills in Ravenna
Life in Ravenna
Is it cheaper to rent or buy in Ravenna?
Buying is cheaper month to month: about $266 a month less than renting.
Owning assumes a typical $139,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $13,970 for the down payment.
Frequently asked questions
What is the average rent in Ravenna, OH?
Renting in Ravenna costs a median of about $1,235 a month in 2026, including utilities. The Ohio median is $1,261.
How much do I need to make to live in Ravenna?
To keep rent under 30% of income, you need about $49,400 a year, or $24 an hour at a full-time job.
Is Ravenna cheap or expensive?
Ravenna is rated OK: rent takes 22.9% of the typical household income of $64,679. It ranks 139th cheapest of 288 Ohio cities we track.
How much are property taxes in Ravenna?
The median homeowner in Ravenna pays $1,790 a year in property taxes, about 1.28% of the median home value.
Is Ravenna more expensive than the national average?
Overall prices in Ohio are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Ravenna?
The median home value in Ravenna is $139,700, about 2.2 times the typical yearly household income.
11,274 people live in Ravenna. Numbers are typical (middle) values.