The cost of living index in Ravenna, OH, stands at 88, which is 8% below the nationwide average. This lower cost of living makes Ravenna an attractive option for job seekers looking to maximize their budget. The housing index at 78 shows significant savings, while other categories like groceries and healthcare remain close to the average, offering a balanced living experience.
The cost of living in Ravenna, OH, presents a favorable comparison to the nationwide average, which is set at 100. Notably, housing costs in Ravenna stand at 78, which is 22% lower than the national average. This reduction can make housing more affordable for residents, potentially freeing up more of their budget for other essential expenses.
In addition to housing, other areas such as groceries, utilities, transportation, healthcare, and miscellaneous costs also show a relatively low index. For instance, groceries cost 92, which is 8% lower than the national average. Utilities are priced at 90, 10% below the average. Transportation costs 88, which is 12% less. Healthcare costs 95, only 5% above the average, and miscellaneous expenses are at 85, 15% lower. These figures collectively indicate that Ravenna offers a cost of living that is generally more affordable than the national average, making it an attractive option for those looking to manage their expenses effectively.
