Akron, CO is a small rural town in Colorado with a population of just under 400 people. It is known for its agricultural roots as well as its close proximity to major cities such as Denver and Boulder. The cost of living in Akron, CO is considerably lower than the national average, with the average 2 bedroom rent coming in at just $970 compared to the US average of $1,430. Groceries are also relatively cheap in Akron with local grocery stores such as Walmart and Safeway offering prices at an index of 95 compared to the national average of 100. Although it may be a small town, Akron has several local businesses that offer services ranging from construction to catering. Local companies like American Tire & Auto Repair and Mountain View Brewing Company provide jobs and services for locals and visitors alike while giving life to the economy of Akron
Akron has an unemployment rate of 3.2%. The US average is 6.0%.
Akron has seen the job market increase by 3.5% over the last year. Future job growth over the next ten years is predicted to be 55.2%, which is higher than the US average of 33.5%.
Tax Rates for Akron
- The Sales Tax Rate for Akron is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Akron is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Akron
- The average income of a Akron resident is $20,473 a year. The US average is $28,555 a year.
- The Median household income of a Akron resident is $41,708 a year. The US average is $69,021 a year.