Akron, IA is a small town in Iowa with affordable housing costs, offering 2 bedroom apartments for only $730 per month. This is significantly lower than the average 2 bedroom rent of $1,430 across the United States. Grocery costs are also low in Akron, IA as evidenced by its Grocery Cost Index that is 94 versus 100 in the US. This makes Akron an attractive option for those looking to move or start a business in Iowa. Local companies include First State Bank of Akron, Akron Locker Company and Akron Ag Services. They all serve their respective communities by providing quality services and goods at competitive prices. With its low cost of living and strong economy, Akron is an excellent place to live and work that can compete with anywhere in the US.
Akron has an unemployment rate of 3.1%. The US average is 6.0%.
Akron has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 26.0%, which is lower than the US average of 33.5%.
Tax Rates for Akron
- The Sales Tax Rate for Akron is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Akron is 9.0%. 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 $22,494 a year. The US average is $28,555 a year.
- The Median household income of a Akron resident is $53,750 a year. The US average is $69,021 a year.