New Lebanon, OH vs Ravenna, OH

New Lebanon, OH and Ravenna, OH have a very similar cost of living, with only a 2% difference in their overall index. New Lebanon scores 69 while Ravenna scores 70 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 New Lebanon is $903/month compared to $885/month in Ravenna — a 2% difference. Interestingly, home values tell a different story: while Ravenna has cheaper rent, New Lebanon actually has lower median home values ($108,200 vs $129,400).

Median household income in New Lebanon is $64,286 compared to $52,368 in Ravenna (+22.8%). New Lebanon offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of New Lebanon spend roughly 16.9% of their income on rent, less than the 20.3% in Ravenna.