Cost of Living in Ravenna, OH
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
86.2
100 = national avg
-13.8 vs national average
Living Wage (1 Adult)
$37,907
per year
Living Wage (Family of 4)
$89,599
per year
Cost Index by Category
Housing86.6
Food90.0
Transportation80.1
Healthcare92.0
Utilities91.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$985
per month
2 Bedroom
$1,268
per month
The overall cost of living index in Ravenna is 86.2, which is 13.8% below the national average. Housing costs are below the national average at an index of 86.6. A single adult needs to earn approximately $37,907 per year to cover basic expenses.