Ravenna, MI
Population 1,472 · Michigan
About Ravenna, MI
Ravenna is a small community in Michigan with a population of 1,472 residents. The median household income is $73,233 per year, which is above the national average. The median age in Ravenna is 34.5 years.
Housing in Ravenna has a median home value of $191,300 and median monthly rent of $809. Of the 537 total housing units, the majority are owner-occupied, with 427 owner-occupied and 96 renter-occupied units.
The unemployment rate in Ravenna is 1.9% and the poverty rate is 6.7%. 26.0% of residents hold a bachelor's degree or higher. The average commute time is 28.9 minutes.
Cost of Living in Ravenna, MI
Compared to national averages, Ravenna has a median household income of $73,233 (3% below the national median of $75,149). Home values average $191,300, which is 22% below the national median. Monthly rent at $809 is 30% below the US average of $1,163. Within Michigan, Ravenna's income is 11% above the state average of $66,017, and home values are 4% above the state median of $183,391.
Why Live in Ravenna, MI?
Ravenna offers affordable housing with a median home value of $191,300, below the US average of $244,900, and rent that’s lower than the national average at $809/month, and a strong job market with an unemployment rate of just 1.9%. Additionally, the city features a low poverty rate of 6.7%, better than the national average.
Potential considerations include median household income ($73,233) that falls below the national average. However, Ravenna’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Ravenna has a population of 1,472 with a median age of 34.5 years. Compare Ravenna with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Ravenna
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Shorewood-Tower Hills-Harbert | 1,468 | $80,642 | $296,000 | Compare |
| Laurium | 1,486 | $42,206 | $87,600 | Compare |
| Quincy | 1,487 | $59,079 | $111,800 | Compare |
| Newberry | 1,453 | $49,758 | $65,800 | Compare |
| Mancelona | 1,496 | $50,430 | $123,900 | Compare |
| Fowler | 1,446 | $72,261 | $194,400 | Compare |
| Mio | 1,504 | $47,578 | $96,600 | Compare |
| Shepherd | 1,438 | $76,591 | $147,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Ravenna
What is the population of Ravenna, MI?
The population of Ravenna, MI is 1,472 according to the latest Census data.
What is the median household income in Ravenna?
The median household income in Ravenna, MI is $73,233 per year.
What is the median home value in Ravenna?
The median home value in Ravenna, MI is $191,300.
What is the average rent in Ravenna?
The median monthly rent in Ravenna, MI is $809.
What is the unemployment rate in Ravenna?
The unemployment rate in Ravenna, MI is 1.9%.