Mineral Ridge, OH vs Ravenna, OH

Mineral Ridge is moderately more affordable than Ravenna, with a 10.9% lower cost of living index. Mineral Ridge scores 62 compared to 70 for Ravenna, where the US average is 100. This difference means residents of Ravenna can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Mineral Ridge is $677/month compared to $885/month in Ravenna — a 24% difference. Interestingly, home values tell a different story: while Mineral Ridge has cheaper rent, Ravenna actually has lower median home values ($129,400 vs $142,900).

Median household income in Mineral Ridge is $61,830 compared to $52,368 in Ravenna (+18.1%). Mineral Ridge offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Mineral Ridge spend roughly 13.1% of their income on rent, less than the 20.3% in Ravenna.