Akron, OH is a great city to call home. Located in the heart of Northeastern Ohio, Akron has easy access to Cleveland and all the amenities of larger cities without the hustle and bustle. The rental costs for two bedroom apartments are much lower than the US average at $960 versus $1,430. Additionally, grocery cost index is 94, which is slightly lower than the national average of 100. Local companies include Goodyear Tire & Rubber Co., FirstEnergy Corp., Huntington Bank, and Gojo Industries Inc. These are just some of the many thriving businesses located in Akron that help make it an exciting place to live.
Akron has an unemployment rate of 6.9%. The US average is 6.0%.
Akron has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 26.2%, which is lower than the US average of 33.5%.
Tax Rates for Akron
- The Sales Tax Rate for Akron is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Akron is 5.6%. 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 $20,245 a year. The US average is $28,555 a year.
- The Median household income of a Akron resident is $42,129 a year. The US average is $69,021 a year.