Ravenna township, Michigan

Cost of living in Ravenna township, Michigan

  • Cost of living compared to USAthe lowest
  • Cost of living compared to Michiganthe lowest
  • Median household incomemoderate

Is it expensive to live in Ravenna township, Michigan? When calculating the cost of living in Ravenna township, Michigan we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.

The cost of living in Ravenna township, Michigan is the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan, while median household income in Ravenna township is $57,843 which is moderate Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan.

Taxes in Ravenna township, Michigan

The sales tax rate in Ravenna township, Michigan is 6.0%. Last year, the average property taxes paid was 1.7% Ravenna township, Michigan.

The state income tax in the state of Michigan is 4.25%.

Housing costs in Ravenna township, Michigan

  • The average cost of a single-family home compared to USAhigh
  • The average cost of a single-family home compared to Michiganhigh

In Ravenna township, Michigan, 85.0% of the population owns their homes, while approximately 15.0% rent. The average cost of a single-family home in Ravenna township, Michigan in 2022 is $260,614 which is highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan. The average one-bedroom apartment cost is approximately $849 per month.

Rental SizeMonthly CostCompared to Michigan
1 Bedroom$849moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom$1,001moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom$1,304moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom$1,370lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
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