Cost of Living in Akron, OH
Population: 189,526 • 2026 Data
$48,544
Median Household Income
-37% vs national
$930
Median Monthly Rent
-31% vs national
$111,200
Median Home Value
-67% vs national
8.0%
Unemployment Rate
Housing in Akron
The median home value in Akron, OH is $111,200. Monthly rent for a typical unit averages $930, while total monthly housing costs (including utilities and insurance) average $904.
Rent-to-income ratio: 23.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Akron, OH is $48,544. The unemployment rate stands at 8.0%, with a labor force of 97,205 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.