Living in Ravenna, Michigan
Cost of living, income, home prices, rent and demographics of Ravenna · Census data 2020–2024
Ravenna has 1,540 residents with a median age of 35.9. The median household income is $77,857 (7% higher than the Michigan median), the median home value is $204,300, the median rent is $815/month.
Ravenna at a glance
- Population
- 1,540
- Median age
- 35.9State: 40.2
- Median household income
- $77,857State: $72,875
- Median home value
- $204,300State: $231,600
- Median rent
- $815/moState: $1,129
- Homeowners
- 82.7%
- Bachelor's degree or higher
- 25.6%
- Average commute
- 29 min
Is Ravenna a good place to live?
Pros: Median household income 7% higher than the Michigan median; home values 12% lower than the state median; unemployment of 3.4%; a poverty rate of 6.3%.
Cons: An average commute of 29 minutes.
The weather is best in June to September.
Cost of living in Ravenna
Housing is the biggest part of the cost of living. In Ravenna the median home value is $204,300, 39% lower than the U.S. median. Renters pay a median of $815 per month, which is 41.9% of household income. Homeowners with a mortgage pay $1,307 a month in housing costs.
Ravenna median household income
The median household income in Ravenna is $77,857 and the income per person is $32,317. 6.3% of residents live below the poverty line (Michigan: 13.2%).
Housing in Ravenna: homes for sale and rent
- Housing units
- 563
- Owner-occupied
- 82.7%
- Renter-occupied
- 17.3%
- Vacant
- 4.4%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.83
Ravenna demographics
- Population
- 1,540
- Median age
- 35.9
- Under 18
- 24.1%
- 65 and older
- 9.7%
- Households
- 538
- Foreign-born
- 0.2%
- Veterans
- 6%Adults 18+
Hispanic or Latino can be of any race. Population history of Ravenna ›
Education in Ravenna
25.6% of adults 25 and older in Ravenna have a bachelor's degree or higher (Michigan: 32.4%), and 3.1% have a graduate or professional degree.
Jobs and commute in Ravenna
- Unemployment rate
- 3.4%State: 5.7%
- Average commute
- 29 minState: 24 min
- Work from home
- 8.2%
- Drive alone
- 86.4%
- Public transit
- 0%
- Walk to work
- 1.7%
- Homes with broadband
- 90.9%
Ravenna vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Ravenna | 1,540 | $77,857 | $204,300 | $815 |
| Casnovia | 377 | $76,250 | $175,000 | $1,000 |
| Coopersville | 4,848 | $67,131 | $244,100 | $943 |
| Wolf Lake | 4,654 | $51,637 | $131,400 | $1,310 |
| Kent City | 1,203 | $76,587 | $167,200 | — |
| Nunica | 295 | $60,515 | $327,100 | — |
| Fruitport | 1,212 | $84,306 | $218,300 | $1,076 |
| Sparta | 4,271 | $60,728 | $215,400 | $983 |
| Lamont | 1,177 | $150,438 | $460,300 | — |
More for people moving to Ravenna
Ravenna ZIP code ›Weather and climate ›Living in Ravenna: FAQ
What is the median household income in Ravenna, MI?
The median household income in Ravenna is $77,857, 7% higher than the Michigan median of $72,875 (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 $204,300, compared with $231,600 in Michigan.
How much is rent in Ravenna?
The median gross rent in Ravenna is $815 per month, about 41.9% of household income.
Is Ravenna, MI a good place to live?
Pluses: median household income 7% higher than the Michigan median; home values 12% lower than the state median; unemployment of 3.4%; a poverty rate of 6.3%. Minuses: an average commute of 29 minutes.
What is the median age in Ravenna?
The median age in Ravenna is 35.9 years (Michigan: 40.2).
How long is the commute in Ravenna?
The average commute to work in Ravenna is 29 minutes; 8.2% of workers work from home.
What is the unemployment rate in Ravenna?
The unemployment rate in Ravenna is 3.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Ravenna?
25.6% 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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