Zip 44307 (Akron, OH) Economy


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Akron, OH is a city located in Summit County. With a population of 44,307, it's one of Ohio's biggest cities. The average 2 Bedroom rent in Akron is $900 which is much lower than the US average of $1,430. In addition to saving on rent costs, Akron residents can also save on groceries thanks to the city's Grocery Cost Index of 93, compared to the national average of 100.
Akron offers its residents plenty of amenities and activities as well. Popular local companies include Goodyear Tire & Rubber Company and FirstEnergy Corporation. Other notable employers in the area are Summa Health System and Bridgestone Americas Incorporated. There are also a variety of restaurants such as Swenson’s Drive-In Restaurant and Barley House Pub & Grille for visitors to enjoy when in town.

Akron (zip 44307) has an unemployment rate of 6.9%. The US average is 6.0%.

Akron (zip 44307) 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 (zip 44307)
- The Sales Tax Rate for Akron (zip 44307) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Akron (zip 44307) 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 (zip 44307)
- The average income of a Akron (zip 44307) resident is $13,763 a year. The US average is $28,555 a year.
- The Median household income of a Akron (zip 44307) resident is $26,961 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAkron, OhioUnited States
  6.96
  -5.4%-6.2%
  26.2%33.5%
  6.8%6.2%
  5.6%4.6%
  $18,191$37,638
  $26,961$69,021
  $34,826$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  4.9%6.8%
  6.6%10.0%
  3.7%2.5%
  11.3%11.0%
  6.3%4.8%
  0.5%0.8%
  1.4%1.9%
  3.9%4.7%
  0.8%1.9%
  0.8%7.6%
  0.0%0.1%
  9.9%4.2%
  6.5%9.3%
  28.2%14.0%
  1.9%2.1%
  10.3%7.0%
  1.9%4.8%
  1.0%4.7%
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