Living in Akron, OH
Akron is a mid-sized city located in the state of Ohio. The city has a population of 198,508 inhabitants. In Akron, there are 3,201 people per square mile, which is well above the national population density average. If you are not a fan of long commutes, you will enjoy living in Akron. With average one way commute time of only 21 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
Without the right tools, moving to any new town can be very stressful and challenging. Living in Akron, Ohio could be a good experience for anyone who puts in the effort to do the research required. Finding the best places to live in Akron and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, crime, weather, housing and other important metrics.
The livability score in Akron is 69/100 and the city is ranked in the 60th percentile of all cities across America. If we consider each of the categories individually, we see that Akron ranks well for amenities (A+), cost of living (A) and education (B-). There is at least one category that does not have great scores in Akron. The following was graded with a disappointing score: crime (F), weather (D), employment (F) and housing (D).
Akron real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Akron. Median real estate prices in Akron come in at $80,000, which is 39.3% lower than the Ohio average. The home price to income ratio compares the median home prices to the median household income. In Akron, the home price to income ratio is 2.3, which is 11.5% lower than the Ohio average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the Akron area were 15.1% and 5 year appreciation rates were 5%.
