Housing costs in Akron?
A typical home costs
$165,600, which is 51.0% less expensive than the national average of
$338,100 and 25.3% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Akron costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 15.3% cheaper than the state average of
$980.
Can I afford Akron?
To live comfortably in Akron, Indiana, a minimum annual income of
$31,680 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Akron?
The cost of living in Akron, IN is moderately low compared to the national average. The median home cost in Akron is approximately $123,000 which is significantly lower than the US median home price of $200,000. Utilities and transportation tend to be relatively cheap as well, with monthly costs for basic utilities running at around $150. Groceries are also moderately priced when compared to other cities in the country. All in all, Akron offers a great balance between affordability and quality of life.