Cost of Living in Akron, OH
| Cost of Living in Akron, OH | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 27% lower | 40% lower |
| Utilities (Monthly) | 17% lower | 20% lower |
| Food | 8% higher | 6% higher |
| Healthcare | 10% lower | 12% lower |
| Transportation | 6% higher | 2% higher |
| Goods & Services | 0% | 5% lower |
The cost of living in Akron, OH is 7% lower than the state average and 14% lower than the national average. Akron, OH housing is 40% cheaper than the U.S average, while utilities are about 20% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 6% pricier in Akron, OH than in the rest of the country, while clothing costs around 5% less .
Healthcare services such as doctor check-ups and dentistry cost 12% less here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 5% cheaper in Akron, OH.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Akron is $1,118, while home prices circle around $281,510.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Akron, energy bills cost around $155.36 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $4.38 in Akron, a dozen eggs go for around $6.92 and a pound of potatoes circles around $7.76.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Akron, an optometry check-up costs around $125.90, while a dentist appointment is priced $113.83 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.17 in Akron, while getting your tires balanced will run you about $61.75.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $32.46 here. Meanwhile, a pair of women's slacks will set you back around $23.15.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Akron, you should budget around $10.75 a month. When it comes to personal services, a haircut usually goes for $19.60, while dry cleaning costs about $23.93.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Akron, the median household income is $48,544.