Manageable

What Salary Do You Need to Live in Ravenna?

To afford a 2-bedroom in Ravenna, you need to earn at least $41,920/year based on estimated fair market rent data. The median household income here is $48,221, which means the typical resident is $6,301 above the threshold.

Census ACS Data Pop. 11,323

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$734	$2,447	$29,360	$-18,861
1 Bedroom	$870	$2,900	$34,800	$-13,421
2 Bedroom BENCHMARK	$1,048	$3,493	$41,920	$-6,301
3 Bedroom	$1,279	$4,263	$51,160	+$2,939
4 Bedroom	$1,572	$5,240	$62,880	+$14,659

Affordability Breakdown

Where the required salary line crosses above Ravenna's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$48,221

Annual household

2BR Required Salary

$41,920

Under 30% rule

Income Gap

+$6,301

Surplus

Verdict

Manageable

Ratio: 26.1%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Ravenna

Your Annual Salary

Pre-filled with Ravenna's median household income

Max monthly rent you can afford$1,206

Studio

$734/mo

1 BR

$870/mo

2 BR

$1,048/mo

3 BR

$1,279/mo

4 BR

$1,572/mo

Your salary is $0 above the median income in Ravenna.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Ravenna's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Ravenna

Renting in Ravenna, Ohio is doable for median earners, but tight. A 2-bedroom requires roughly $41,920/year under the 30% rule, and with a median income of $48,221, residents are operating close to the threshold.

Downsizing to a 1-bedroom ($870/month) or studio ($734/month) materially improves the math. For those needing more space, a 3-bedroom in Ravenna pushes the required income to $51,160.

For comfortable living in Ravenna without financial stress, target a household income of at least $62,880 — this accounts for rent being approximately 30% of take-home pay while leaving adequate room for Ohio's cost of living.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Ravenna, Ohio.

With a total population of 11,323, the city supports an active civilian workforce of 5,406 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $41,920 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

5,406

Active civilian employees in Ravenna

Frequently Asked Questions About Renting in Ravenna

What salary do I need to live in Ravenna, Ohio?

To afford a 2-bedroom in Ravenna under the 30% rule, you need an annual salary of at least $41,920. The median household income in Ravenna is $48,221.

Can I afford a 2-bedroom in Ravenna on $48,221?

The affordability verdict for Ravenna is "Manageable". The rent-to-income ratio is 26.1%, meaning median earners have a $6,301 surplus.

What is the average rent in Ravenna compared to median income?

The median gross rent in Ravenna is $870/month. With a median household income of $48,221, residents spend approximately 26.1% of their income on rent.

What salary do I need for a studio in Ravenna?

A studio in Ravenna rents for approximately $734/month. Under the 30% rule, you need an annual salary of $29,360 to afford this.

Is Ravenna considered an affordable place to live?

Based on the surplus of $6,301 and an affordability verdict of "Manageable", Ravenna is considered a manageable rental market when comparing the required 2-bedroom salary of $41,920 to the local median household income.

How Ravenna Compares

Other cities in Ohio with salary requirements