Zip 44312 (Akron, OH) Economy


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Akron, OH (44321) is a great place to live and work. The two-bedroom rent is $990 which is much lower than the national average of $1,430. The grocery cost index in Akron is 95 compared to the US average of 100, making it an even more affordable place to live. Moreover, Akron is a city with plenty of business and employment opportunities. Local companies include Goodyear Tire & Rubber Co., FirstEnergy Corp., Summa Health System, and the University of Akron. Additionally, local banks Huntington National Bank and KeyBank have branches in the area. With its affordability, job opportunities, and local businesses, Akron is a great place to call home.

Akron (zip 44312) has an unemployment rate of 6.9%. The US average is 6.0%.

Akron (zip 44312) 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 44312)
- The Sales Tax Rate for Akron (zip 44312) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Akron (zip 44312) 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 44312)
- The average income of a Akron (zip 44312) resident is $23,502 a year. The US average is $28,555 a year.
- The Median household income of a Akron (zip 44312) resident is $57,217 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%
  $31,963$37,638
  $57,217$69,021
  $78,017$85,028
  Population by Occupation
  0.5%1.2%
  0.0%0.5%
  8.2%6.8%
  17.1%10.0%
  2.7%2.5%
  12.1%11.0%
  5.4%4.8%
  1.3%0.8%
  2.1%1.9%
  3.4%4.7%
  1.0%1.9%
  4.9%7.6%
  0.1%0.1%
  4.7%4.2%
  7.0%9.3%
  14.0%14.0%
  1.1%2.1%
  6.2%7.0%
  4.5%4.8%
  3.6%4.7%
Reviews for Akron
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Over 18 years ago

The housing prices are starting to drop down a little now after it was so high for awhile, I think interest rates have alot to do with  More

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