Akron, NY Economy


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Akron, NY is a small town located in Erie County, New York. It offers its residents a peaceful and rural way of life, while still being conveniently close to nearby cities like Buffalo. A two bedroom rental in Akron is approximately $1,010 per month, which is cheaper than the national average of $1,430. The cost of groceries in Akron is slightly higher than the national average with an index of 102 versus 100 nationally. Local businesses in Akron include Primrose Lane Dairy Farm, The Village Inn Restaurant and Bar, B&B Plumbing & Heating LLC., and T-Mae Designs Hair Salon. All in all, Akron provides its residents with an affordable cost of living and plenty of local businesses to support.

Akron has an unemployment rate of 7.2%. The US average is 6.0%.

Akron has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.

Tax Rates for Akron
- The Sales Tax Rate for Akron is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Akron is 6.5%. 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 $26,331 a year. The US average is $28,555 a year.
- The Median household income of a Akron resident is $42,581 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAkron, New YorkUnited States
  7.26
  -6.0%-6.2%
  24.4%33.5%
  8.8%6.2%
  6.2%4.6%
  $36,825$37,638
  $42,581$69,021
  $60,104$85,028
  Population by Occupation
  4.5%1.2%
  0.6%0.5%
  4.0%6.8%
  14.3%10.0%
  4.4%2.5%
  6.9%11.0%
  0.9%4.8%
  0.0%0.8%
  0.9%1.9%
  6.6%4.7%
  2.3%1.9%
  12.6%7.6%
  0.0%0.1%
  1.7%4.2%
  9.6%9.3%
  18.5%14.0%
  0.0%2.1%
  8.0%7.0%
  2.0%4.8%
  2.3%4.7%
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