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Everything else equal, I think we can all agree that living in a cheaper place is better than living in a more expensive place.
I'd much rather pay $500/mo in rent than $1,000. And I'd rather pay $2 for coffee than $5.
And while every neighbhorhood in Akron might be more expensive than living in rural Ohio, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Akron neighborhoods where your dollar goes a little further -- you can get that one bedroom instead of the studio?
Instead of relying on public opinion and speculation, we wanted to get the facts straight and find out which neighborhoods in Akron are the cheapest.
The Cheapest Neighborhoods In Akron For 2022
What's the cheapest neighborhood to live in Akron for 2022? According to the most recent census data, North Hill looks to be the cheaptest Akron neighborhood to live in.
At this point we should make it clear that you do get what you pay for -- some of these neighborhoods might not be the best places to live in Akron. You could be sacrificing location or crime rates in return for more space and cheaper groceries.
Read on to see how we determined the places around Akron that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Akron.
Once you're done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from cheapest to most expensive.
For more Ohio reading, check out:
- Best Places To Live In Ohio
- Cheapest Places To Live In Ohio
- Cheapest Cities To Live In America
- Cheapest States To Live In America
The 10 Cheapest Neighborhoods To Live In Akron For 2022
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Population: 15,861
Cost Of Living Index: 82 (5th cheapest)
Home Value To Income Ratio: 1.3 (cheapest)
Rent To Income Ratio: 0.017 (8th cheapest)
More on North Hill: Homes For Sale | Data
/10
Population: 19,778
Cost Of Living Index: 84 (10th cheapest)
Home Value To Income Ratio: 1.8 (3rd cheapest)
Rent To Income Ratio: 0.015 (5th cheapest)
More on Goodyear Heights: Homes For Sale | Data
/10
Population: 6,690
Cost Of Living Index: 81 (2nd cheapest)
Home Value To Income Ratio: 2.1 (13th cheapest)
Rent To Income Ratio: 0.016 (7th cheapest)
More on Chapel Hill: Homes For Sale | Data
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Population: 5,835
Cost Of Living Index: 81 (2nd cheapest)
Home Value To Income Ratio: 1.9 (5th cheapest)
Rent To Income Ratio: 0.025 (15th cheapest)
More on Middlebury: Homes For Sale | Data
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Population: 3,953
Cost Of Living Index: 84 (10th cheapest)
Home Value To Income Ratio: 1.5 (2nd cheapest)
Rent To Income Ratio: 0.022 (12th cheapest)
More on Elizabeth Park Valley: Homes For Sale | Data
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Population: 6,037
Cost Of Living Index: 83 (8th cheapest)
Home Value To Income Ratio: 1.9 (6th cheapest)
Rent To Income Ratio: 0.026 (16th cheapest)
More on South Akron: Homes For Sale | Data
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Population: 7,617
Cost Of Living Index: 81 (2nd cheapest)
Home Value To Income Ratio: 1.9 (7th cheapest)
Rent To Income Ratio: 0.039 (2cheapest)
More on University Of Ohio Akron: Homes For Sale | Data
/10
Population: 15,733
Cost Of Living Index: 85 (14th cheapest)
Home Value To Income Ratio: 1.8 (4th cheapest)
Rent To Income Ratio: 0.023 (13th cheapest)
More on Kenmore: Homes For Sale | Data
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Population: 3,598
Cost Of Living Index: 82 (5th cheapest)
Home Value To Income Ratio: 2.0 (8th cheapest)
Rent To Income Ratio: 0.029 (18th cheapest)
More on Summit Lake: Homes For Sale | Data
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Population: 10,910
Cost Of Living Index: 92 (20th cheapest)
Home Value To Income Ratio: 2.1 (10th cheapest)
Rent To Income Ratio: 0.004 (2nd cheapest)
More on Northwest Akron: Homes For Sale | Data
Methodology: How We Determined The Cheapest Akron Hoods In 2022
In order to rank the cheapest places to live in Akron, we had to determine what criteria defines "cheap".
Using census and extrapolated BLS data, we arrived at the following set of criteria:
- Overall Cost Of Living
- Rent To Income Ratio
- Median Home Value To Income Ratio
We then ranked each neighborhood with scores from 1 to 21 in each category, where 1 was the cheapest.
Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.
And finally, we crowned the neighborhood with the lowest cheapest neighborhood index the "Cheapest City Neighborhood In Akron." We're lookin' at you, North Hill.
Read on below to learn more about what it's like to live in the cheapest places Akron. Or skip to the end to see the list of all the neighborhoods in the city from cheapest to most expensive.
Summary: Lowest Cost Places To Live In Akron
If you're measuring the neighborhoods in Akron where prices are low and it's cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Akron aren't all cheap. Lane-Wooster takes the title of the most expensive neighborhood to live in Akron.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Ohio reading, check out:
- Most Dangerous Cities In Ohio
- Richest Cities In Ohio
- Safest Places In Ohio
- Worst Places To Live In Ohio
Detailed List Of The Cheapest Neighborhoods To Live In Akron For 2022
| Rank | Neighborhood | Cost Of Living Index |
|---|---|---|
| 1 | North Hill | 82 |
| 2 | Goodyear Heights | 84 |
| 3 | Chapel Hill | 81 |
| 4 | Middlebury | 81 |
| 5 | Elizabeth Park Valley | 84 |
| 6 | South Akron | 83 |
| 7 | University Of Ohio Akron | 81 |
| 8 | Kenmore | 85 |
| 9 | Summit Lake | 82 |
| 10 | Northwest Akron | 92 |
| 11 | Firestone Park | 86 |
| 12 | West Akron | 84 |
| 13 | East Akron | 83 |
| 14 | Wallhaven | 90 |
| 15 | Merriman Valley | 89 |
| 16 | Highland Square | 88 |
| 17 | Fairlawn Heights | 95 |
| 18 | Ellet | 87 |
| 19 | Rolling Acres | 84 |
| 20 | Downtown | 82 |
| 21 | Lane-Wooster | 85 |
