Cost of Living in Akron, OH
| Cost of Living in Akron, OH | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 26% lower | 36% lower |
| Utilities (Monthly) | 17% lower | 18% lower |
| Food | 11% higher | 12% higher |
| Healthcare | 7% lower | 10% lower |
| Transportation | 18% higher | 12% higher |
| Goods & Services | 8% higher | 3% lower |
The cost of living in Akron, OH is 3% lower than the state average and 10% lower than the national average. Akron, OH housing is 36% cheaper than the U.S average, while utilities are about 18% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 12% pricier in Akron, OH than in the rest of the country, while clothing costs around 3% less .
Healthcare services such as doctor check-ups and dentistry cost 10% less here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 3% 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 $1,104, while home prices circle around $276,405.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Akron, energy bills cost around $147.21 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 $4.59 in Akron, a dozen eggs go for around $5.07 and a pound of potatoes circles around $7.91.
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 $120.57, while a dentist appointment is priced $111.00 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.91 in Akron, while getting your tires balanced will run you about $61.05.
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 $32.67 here. Meanwhile, a pair of women's slacks will set you back around $22.84.
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 $10.51 a month. When it comes to personal services, a haircut usually goes for $18.48, while dry cleaning costs about $23.35.
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.