Housing costs in Akron?
A typical home costs
$85,600, which is 74.7% less expensive than the national average of
$338,100 and 56.5% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Akron costs
$930 per month, which is 5.1% cheaper than the national average of
$980 and 10.8% cheaper than the state average of
$1,030.
Can I afford Akron?
To live comfortably in Akron (zip 44320), Ohio, a minimum annual income of
$16,560 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Akron?
The cost of living in 44320 Akron, OH is quite reasonable. According to data from the US Census Bureau, the median home value in the area is $85,100 and the median monthly rent is $837. This makes it a great place for those looking to purchase or rent an affordable property. The local unemployment rate is also low at 3.1%, which helps keep housing costs down. Additionally, groceries are reasonably priced with a basic market basket costing just over $50 per person each month. All in all, Akron provides a low cost of living that can be ideal for those looking to make a move yet still have financial security.