Cost of Living: Cambridge, MA vs Akron, OH
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Cambridge | Akron |
|---|---|---|
| Housing Index | 150.0 | 90.0 |
| Median Home Price | $769,000 | $147,000 |
| Average Rent (2 BR Apartment) | $3000 | $1050 |
| Average Rent (2 BR House) | $3120 | $1100 |
Housing Comparison: Cambridge vs Akron
- In Cambridge, the median home price is higher at $769,000, while in Akron it is $147,000.
- Renting a two-bedroom apartment costs more in Cambridge at $3,000 than in Akron at $1,050.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Cambridge | Akron |
|---|---|---|
| Electricity Price | $28.15 | $15.92 |
| Natural Gas Price | $21.62 | $Data is updating |
| Other Utilities | $200 | $250 |
Utilities Comparison: Cambridge vs Akron
- Electricity costs are higher in Cambridge at $28.15 per kWh, compared to $15.92 in Akron.
- Natural gas price data is currently unavailable.
- Akron has higher utility expenses, averaging $250, while Cambridge averages $200.