Housing costs in Akron?
A typical home costs
$188,300, which is 44.3% less expensive than the national average of
$338,100 and 4.4% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Akron costs
$1,030 per month, which is 28.0% cheaper than the national average of
$1,430 and 4.9% more than the state average of
$980.
Can I afford Akron?
To live comfortably in Akron O Metro Area, Ohio, a minimum annual income of
$36,000 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Akron?
The cost of living in Akron, OH Metro Area is significantly lower than the national average with an index score of 81.6 compared to the US average of 100. This means that prices for goods and services are much more affordable in this area than elsewhere in the country. Furthermore, the median house value in Akron is $188,300, which is significantly lower than the US average of $338,100. Together these two factors make it much easier for individuals and families to find homes within their budget and live comfortably in Akron.