Housing costs in Akron?
A typical home costs
$140,200, which is 58.5% less expensive than the national average of
$338,100 and 28.8% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Akron costs
$990 per month, which is 1.0% more than the national average of
$980 and 4.0% cheaper than the state average of
$1,030.
Can I afford Akron?
To live comfortably in Akron (zip 44312), Ohio, a minimum annual income of
$27,000 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Akron?
The cost of living in Akron, OH is relatively low compared to other parts of the country. The median home value in 44312 comes in at $111,400 which is lower than the Ohio state average. Additionally, rent averages around $706 per month for a one bedroom apartment, making it an affordable place to live. The overall cost of living index in Akron is 87.2, with goods and services costing 8% lower than the national average. Other than housing costs, groceries are generally 7% cheaper than other cities and transportation is 9% less expensive. All these factors make Akron an attractive city for those looking to save money while still enjoying all that the city has to offer.