The 10 Cheapest Akron, OH Neighborhoods To Live In For 2022


We used science and data to determine which neighborhoods in Akron are the cheapest of the cheap.

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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.

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:

The 10 Cheapest Neighborhoods To Live In Akron For 2022

Overall SnackAbility

5
/10

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

Overall SnackAbility

5
/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

Overall SnackAbility

4
/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

Overall SnackAbility

3
/10

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

Overall SnackAbility

3
/10

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

Overall SnackAbility

4
/10

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

Overall SnackAbility

4
/10

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

Overall SnackAbility

4
/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

Overall SnackAbility

3
/10

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

Northwest Akron Akron, OH

Overall SnackAbility

8.5
/10

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:

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

Editor's Note: We updated this article for 2022. This is our third time ranking the cheapest neighborhoods to live in Akron.

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.