Cost of Living in Akron
Detailed cost of living data — sourced from authoritative datasets and normalized for direct comparison.
Cost of Living in Akron, Ohio
The cost of living in Akron is notably lower than the national average, making it one of the most affordable places to reside in the United States. Overall, Akron's cost of living is estimated to be 15% lower than the national average. Housing expenses are a significant driver of this affordability, with costs being substantially below the national average. While some essential categories like groceries can be slightly higher than the national average, the savings in housing and utilities contribute to a more manageable budget for residents.
Monthly Costs
Detailed Breakdown
About Akron, Ohio
Akron, Ohio, once known as the "Rubber Capital of the World," is a city with a rich industrial history that has evolved into a diverse economic landscape. Situated approximately 38 miles south of Cleveland, Akron offers a blend of urban amenities and natural attractions, including the nearby Cuyahoga Valley National Park. The city is recognized for its affordability and a community-focused atmosphere, making it an attractive option for those seeking a lower cost of living compared to national averages. Akron has retained much of its historic charm, with a revitalized downtown area featuring upscale dining and entertainment, alongside vibrant neighborhood business districts.
About Ohio
Ohio, located in the Midwest, is characterized by a blend of urban centers and rural landscapes, offering a balance of city amenities and small-town charm. The state's economy is robust and diverse, with manufacturing being a significant sector, particularly in plastics, rubber, fabricated metals, and automobiles. Other major industries include financial activities, healthcare, education, and bioscience, with growing technology and logistics sectors. Living in Ohio is generally affordable, with the cost of living, especially housing, being lower than the national average. The climate is continental, featuring four distinct seasons with hot, humid summers and cold, snowy winters, and precipitation occurring year-round.