Cost of Living in Ravenna, TX
Housing
The housing market plays a significant role in determining the cost of living in Ravenna, TX.
- Housing Index: Data is updating
- Median Home Price is: $222,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
In Ravenna, TX, the housing index suggests a potentially favorable market for buyers, with a median home price of 222000. Although rental prices for 2-bedroom apartments and houses are not provided, it’s essential to understand local demand dynamics. Typically, lower home prices can indicate attracting first-time homebuyers and investors. Further, considering property tax rates and cost of living, the decision to invest in Ravenna will hinge on your long-term plans and the area's employment opportunities, lifestyle offerings, and upcoming developments that could impact future values.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Ravenna, TX.
- Electricity Price: $14.47 USD (median by state)
- Natural Gas Price: $26.29 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Ravenna, TX could entail higher utility costs. Electricity costs sit at $14.47, while natural gas is priced at $26.29 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Ravenna is a financially viable option for your relocation.