Gaylord, MI vs Ravenna, MI

Gaylord, MI and Ravenna, MI have a very similar cost of living, with only a 0.1% difference in their overall index. Gaylord scores 72 while Ravenna scores 72 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Gaylord is $844/month compared to $809/month in Ravenna — a 4% difference. Interestingly, home values tell a different story: while Ravenna has cheaper rent, Gaylord actually has lower median home values ($170,300 vs $191,300).

Median household income in Gaylord is $44,052 compared to $73,233 in Ravenna (-39.8%). Ravenna offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Gaylord spend roughly 23% of their income on rent, more than the 13.3% in Ravenna.