Living in Ravenna, Kentucky
Cost of living, income, home prices, rent and demographics of Ravenna · Census data 2020–2024
Ravenna has 642 residents with a median age of 45.7. The median household income is $47,250 (26% lower than the Kentucky median), the median home value is $94,700, the median rent is $853/month.
Ravenna is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Ravenna at a glance
- Population
- 642
- Median age
- 45.7State: 39.1
- Median household income
- $47,250State: $63,726
- Median home value
- $94,700State: $205,600
- Median rent
- $853/moState: $967
- Homeowners
- 64.4%
- Bachelor's degree or higher
- 9.7%
- Average commute
- 25 min
Is Ravenna a good place to live?
Pros: Home values 54% lower than the state median.
Cons: Median household income 26% lower than the Kentucky median; an average commute of 25 minutes; unemployment of 10.3%; a poverty rate of 26.3%.
The weather is best in May–June and August–September.
Cost of living in Ravenna
Housing is the biggest part of the cost of living. In Ravenna the median home value is $94,700, 72% lower than the U.S. median. Renters pay a median of $853 per month, which is 23.4% of household income. Homeowners with a mortgage pay $835 a month in housing costs.
Ravenna median household income
The median household income in Ravenna is $47,250 and the income per person is $22,561. 26.3% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Ravenna: homes for sale and rent
- Housing units
- 344
- Owner-occupied
- 64.4%
- Renter-occupied
- 35.6%
- Vacant
- 15.1%Includes seasonal homes
- Median year built
- 1947
- Average household size
- 2.20
Ravenna demographics
- Population
- 642
- Median age
- 45.7
- Under 18
- 17.4%
- 65 and older
- 15.6%
- Households
- 292
- Foreign-born
- 0.3%
- Veterans
- 4%Adults 18+
Hispanic or Latino can be of any race. Population history of Ravenna ›
Education in Ravenna
9.7% of adults 25 and older in Ravenna have a bachelor's degree or higher (Kentucky: 27.6%), and 4.5% have a graduate or professional degree.
Jobs and commute in Ravenna
- Unemployment rate
- 10.3%State: 4.9%
- Average commute
- 25 minState: 24 min
- Work from home
- 3.8%
- Drive alone
- 75.3%
- Public transit
- 0%
- Walk to work
- 0.4%
- Homes with broadband
- 86%
Ravenna vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Ravenna | 642 | $47,250 | $94,700 | $853 |
| Irvine | 2,723 | $42,805 | $139,200 | $710 |
| Clay City | 1,204 | $23,816 | $63,500 | $666 |
| Stanton | 3,218 | $25,417 | $123,000 | $775 |
| Beattyville | 2,095 | $22,880 | $113,600 | $433 |
| McKee | 888 | $20,571 | $112,800 | $340 |
| Richmond | 37,111 | $50,870 | $214,900 | $917 |
| Jeffersonville | 1,651 | $56,250 | $140,900 | $792 |
| Berea | 15,786 | $59,495 | $199,900 | $835 |
More for people moving to Ravenna
Ravenna ZIP code ›Weather and climate ›Living in Ravenna: FAQ
What is the median household income in Ravenna, KY?
The median household income in Ravenna is $47,250, 26% lower than the Kentucky median of $63,726 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Ravenna?
The median home value in Ravenna is $94,700, compared with $205,600 in Kentucky.
How much is rent in Ravenna?
The median gross rent in Ravenna is $853 per month, about 23.4% of household income.
Is Ravenna, KY a good place to live?
Pluses: home values 54% lower than the state median. Minuses: median household income 26% lower than the Kentucky median; an average commute of 25 minutes; unemployment of 10.3%; a poverty rate of 26.3%.
What is the median age in Ravenna?
The median age in Ravenna is 45.7 years (Kentucky: 39.1).
How long is the commute in Ravenna?
The average commute to work in Ravenna is 25 minutes; 3.8% of workers work from home.
What is the unemployment rate in Ravenna?
The unemployment rate in Ravenna is 10.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Ravenna?
9.7% of adults in Ravenna have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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