Akron, OH Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-08
87
Akron's Overall Cost Of Living
0.9x
Lower Than The National Average
89 out of 286
In Ohio
1,101 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Akron is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Akron, OH?

According to the most recent data on the cost of living, Akron has an overall cost of living index of 87 which is 0.9x lower than the national index of 100.

Compared to only Ohio, Akron has a cost of living index that's 1.0x lower than Ohio's index of 90.

The standard of living in Akron ranks as #1,101 most affordable out of the 6,418 places we measured in Ohio. By definition, that implies Akron ranks as the #5,317 most expensive place in the Buckeye State.

For more reading on life in Akron, check out:

Akron Cost Of Living Vs. Ohio

Living Expense Akron Ohio National Average
Overall 87 90 100
Services 99 100 100
Groceries 101 99 100
Health 104 100 100
Housing 53 74 100
Transportation 93 102 100
Utilities 102 93 100
For more reading on cost of living around Ohio, check out:
Akron Cost of Living Vs. OH

Akron, OH Housing Cost Breakdown

Housing swings affordability the most between places in Ohio, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$83,500
Median Home Value
$795
Median Rent
$40,281
Median Income
Statistic Akron Ohio United States
Median Home Value $83,500 $151,400 $229,800
Median Rent $795 $825 $1,096
Median Income $40,281 $58,116 $64,994
Home Value To Income 2.1x 2.6x 3.5x
Rent To Monthly Income 0.24x 0.17x 0.2x

Detailed Akron Services Costs Vs. Ohio

Item Akron Ohio
Shampoo $0.92 $1.06
Movie $8.01 $10.68
Bowling $13.77 $14.67

Detailed Akron Groceries Costs Vs. Ohio

Item Akron Ohio
Ground Beef $4.47 $4.22
Fried Chicken $1.52 $1.39
Milk $1.8 $2.05

Detailed Akron Health Costs Vs. Ohio

Item Akron Ohio
Haircut $17.39 $18.62
Beauty Salon $38.35 $39.05
Toothpaste $2.85 $2.34

Detailed Akron Transportation Costs Vs. Ohio

Item Akron Ohio
Potatoes $3.34 $3.29
Pizza $9.96 $10.62
Beer $9.54 $9.38
Optometrist $121.64 $108.57
Doctor $119.89 $116.17
Dentist $106.05 $99.13

Detailed Akron Utilities Costs Vs. Ohio

Item Akron Ohio
Gasoline $2.11 $2.22
Tire Balancing $46.73 $50.07
All Electricity $171.89 $167.67
Phone $178.76 $175.64

Akron SnackAbility

3
/10
Overall SnackAbility
Jobs
4/10
Housing
5
Affordability
8
Diversity
9
Safety
3
Amenities
9.5
Education
6
Commute
8

Cost Of Living In Cities Around Akron

City Population Cost Of Living Vs. Akron
Cuyahoga Falls, OH 49,191 90 1.0x
Stow, OH 34,770 99 1.1x
North Royalton, OH 30,179 101 1.2x
Barberton, OH 26,030 88 1.0x
Hudson, OH 22,249 124 1.4x
Broadview Heights, OH 19,195 104 1.2x
Twinsburg, OH 18,754 103 1.2x
Tallmadge, OH 17,681 96 1.1x
Aurora, OH 16,165 111 1.3x
Brecksville, OH 13,521 114 1.3x

Articles About Ohio

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