Cost of Living in Akron, OH
Housing
The housing market plays a significant role in determining the cost of living in Akron, OH.
- Housing Index: 90.0 / 100
- Median Home Price is: $147,000
- Average Rent (2 BR Apartment): $1050 per month
- Average Rent (2 BR House): $1100 per month
Considering a move to Akron, OH? With a population of and a median age of , the area offers a diverse community. The median income stands at , which is a crucial factor when evaluating cost of living. However, keep in mind the poverty level at % and an unemployment rate of %, which might influence economic stability. Moreover, around % of the population consists of married families, indicating a family-friendly atmosphere. When making your decision, weigh these factors carefully for a well-rounded perspective.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Akron, OH.
- Electricity Price: $15.92 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Akron, OH could entail higher utility costs. Electricity costs sit at $15.92, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Akron is a financially viable option for your relocation.