Overall 14%
Goods & Services 1%
Housing 48%
Date & Last Updated: This data reflects 2020 and was released from C2ER in January, 2021; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Cost of living8690100
Goods & Services10198100
Health care10299100

Key findings

  • The cost of living in Akron is 5% lower than the Ohio average
  • The cost of living in Akron is 14% lower than the national average
  • Akron housing is 48% lower than the national average
  • Ohio general sales tax is 13% higher than the national average
  • Ohio state income tax is 16% higher than the national average

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Compare Akron, OH Cost of Living

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      A good way to judge both the affordability of the housing and the cost of living in Akron is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Akron has a median income of about $50,966 for people who own homes. Based on that number, a maximum of $1,189 should be spent on expenses related to housing. Renters have a slightly different median income, which is $22,675. Based on this average, renters should spend no more than $529 on all rental costs if they want to maintain a non-impoverished standard of living.

      Ohio Sales Tax

      StateGeneral Sales TaxWith Max Surtax

      Ohio Income Tax

      StateIncome Tax (Low)Income Tax (High)

      Goods & Services

      ItemAkronNational avg.Difference
      Haircut $17.39$18.626.6%
      Beauty Salon $38.35$39.051.8%
      Toothpaste $2.85$2.3421.6%
      Shampoo $0.92$1.0613.3%
      Movie $8.01$10.6825.1%
      Bowling $13.77$14.676.1%


      ItemAkronNational avg.Difference
      Ground Beef $4.47$4.225.9%
      Fried Chicken $1.52$1.399.8%
      Milk $1.80$2.0512.2%
      Potatoes $3.34$3.291.5%
      Pizza $9.96$10.626.2%
      Beer $9.54$9.381.6%

      Health Care

      ItemAkronNational avg.Difference
      Optometrist $121.64$108.5712.0%
      Doctor $119.89$116.173.2%
      Dentist $106.05$99.137.0%
      Ibuprofen $7.54$9.6822.1%
      Lipitor $452.08$466.923.2%


      ItemAkronNational avg.Difference
      Home Price $80,000.00$184,700.0056.7%
      Avg. Mortgage Payment $1,143.30$1,197.424.5%
      Apartment Rent $693.00$949.0027.0%


      ItemAkronNational avg.Difference
      Gasoline $2.11$2.225.3%
      Tire Balancing $46.73$50.076.7%


      ItemAkronNational avg.Difference
      All Electricity$171.89$167.672.5%
      Phone $178.76$175.641.8%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City, StatePopulationCost of Living IndexNational Avg.
      Sawyerwood, OH1,31684-16%
      Barberton, OH26,26686-14%
      Ravenna, OH11,58288-12%
      Rittman, OH6,52889-11%
      Lakemore, OH3,06490-10%
      Akron, OH198,50886-14%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Shreveport, LA198,57190-10%
      Huntington Beach, CA198,72417070%
      Glendale, CA197,89516767%
      Little Rock, AR197,64094-6%
      Amarillo, TX197,57083-17%
      Akron, OH198,50886-14%
      Source: The Akron, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2020.