Akron, OH is a great place to live with many wonderful local businesses. A two bedroom apartment in Akron costs around $930 per month, which is much more affordable than the national average of $1430. The grocery cost index for Akron is 92, which is also very competitive compared to the US average of 100. There are many local businesses in Akron that thrive thanks to its affordable living costs. Companies such as FirstEnergy Corp., Goodyear Tire & Rubber Co., and Diebold Nixdorf Inc. are all headquartered here and employ thousands of Akron residents. With its low rent costs and abundant job opportunities, Akron is an excellent city to live in since it provides a comfortable lifestyle at an affordable price.
Akron (zip 44320) has an unemployment rate of 6.9%. The US average is 6.0%.
Akron (zip 44320) has seen the job market decrease by -5.4% 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 44320)
- The Sales Tax Rate for Akron (zip 44320) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Akron (zip 44320) 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 44320)
- The average income of a Akron (zip 44320) resident is $25,082 a year. The US average is $37,638 a year.
- The Median household income of a Akron (zip 44320) resident is $36,508 a year. The US average is $69,021 a year.