University Of Ohio Akron cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexUniversity Of Ohio AkronAkronOhio
Cost of living index768191
IndexUniversity Of Ohio AkronAkronOhio
Goods & Services index848499
Groceries index10210299
Health care index848495
Housing index365273
Transportation index109109101
Utilities index979793

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Did you know?

  • The cost of living in University Of Ohio Akron is 17% lower than the Akron average.
  • The cost of living in University Of Ohio Akron is 24% lower than the national average.
  • The cost of housing in University Of Ohio Akron is 64% lower than the national average.
  • Ohio general sales tax is 13% higher than the national average.
  • Ohio state income tax is 78% lower than the national average.

Real Estate Listings In University Of Ohio Akron

Compare Akron, OH Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Household$18,009$1,501$420$540

Ohio Sales Tax

StateGeneral Sales TaxWith Max Surtax
Ohio5.75%8%

Ohio Income Tax

StateIncome Tax (Low)Income Tax (High)
Ohio0.5%5%

Goods & Services

ItemAkronNational avg.Difference
Haircut $14.59$16.099.3%
Beauty Salon $32.54$37.3312.8%
Toothpaste $3.00$2.4522.6%
Shampoo $1.04$1.004.4%
Movie $10.53$10.282.5%
Bowling $3.45$4.9330.1%

Groceries

ItemAkronNational avg.Difference
Ground Beef $3.37$3.8011.3%
Fried Chicken $1.95$1.4039.9%
Milk $1.89$2.015.8%
Potatoes $3.54$3.0117.7%
Pizza $8.96$9.899.3%
Beer $8.34$8.906.3%

Health Care

ItemAkronNational avg.Difference
Optometrist $70.20$102.1631.3%
Doctor $79.75$108.3626.4%
Dentist $72.51$92.5321.6%
Ibuprofen $9.36$9.280.9%
Lipitor $452.74$425.826.3%

Housing

ItemAkronNational avg.Difference
Home Price $80,000.00$184,700.0056.7%
Avg. Mortgage Payment $1,369.31$1,202.4413.9%
Apartment Rent $693.00$949.0027.0%

Transportation

ItemAkronNational avg.Difference
Gasoline $2.23$2.240.4%
Tire Balancing $59.71$46.2929.0%

Utilities

ItemAkronNational avg.Difference
All Electricity$151.97$165.968.4%
Phone $29.92$28.684.3%
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, OH1,31679-21%
Barberton, OH26,26681-19%
Ravenna, OH11,58282-18%
Rittman, OH6,52884-16%
Lakemore, OH3,06485-15%
Akron, OH198,50881-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Shreveport, LA198,57188-12%
Huntington Beach, CA198,72416969%
Glendale, CA197,89516464%
Little Rock, AR197,64095-5%
Amarillo, TX197,57085-15%
Akron, OH198,50881-19%
Source: The University Of Ohio Akron, Akron, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.