Cost of Living in Akron, OH
Akron has a cost of living index of 82 (100 = national average), making it significantly more affordable than the national average. The median household income is $37,436 and the median home price is $120,000.
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Akron at a Glance
Population
190,469
Cost of Living Index
82
Median Income
$37,436
Median Home Price
$120,000
Property Tax Rate
1.68%
Sales Tax Rate
6.75%
Rent Index
60
State
Ohio
Living in Akron
Akron offers a cost of living below the national average, making it an attractive option for those looking to stretch their dollar further. The median home price of $120,000 is well within reach for many families.
The combined sales tax rate in Akron is 6.75%, and the effective property tax rate is 1.68%. Property taxes are above the national average, which is an important consideration for homebuyers.