Akron, Ohio is a great city for those looking for affordable rent. With a two bedroom rental rate of $930, the cost of living in this area is much lower than the national average of $1430. Additionally, Akron offers great prices at their local grocery stores with a Grocery Cost Index of 93 versus 100 in the US. This makes Akron an ideal place to save money while having access to necessities like food. Additionally, there are many companies located within Akron that offer job opportunities such as Goodyear Tire & Rubber Company, Summa Health System, University of Akron and First Energy Corp. The city has seen climbing employment rates recently with an unemployment rate of 4%.
Akron (zip 44310) has an unemployment rate of 6.9%. The US average is 6.0%.
Akron (zip 44310) 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 44310)
- The Sales Tax Rate for Akron (zip 44310) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Akron (zip 44310) 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 44310)
- The average income of a Akron (zip 44310) resident is $16,870 a year. The US average is $28,555 a year.
- The Median household income of a Akron (zip 44310) resident is $34,519 a year. The US average is $69,021 a year.