Living in Akron, Indiana
Cost of living, income, home prices, rent and demographics of Akron · Census data 2020–2024
Akron has 954 residents with a median age of 35.6. The median household income is $58,636 (19% lower than the Indiana median), the median home value is $136,300, the median rent is $929/month.
Akron is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Akron at a glance
- Population
- 954
- Median age
- 35.6State: 38.1
- Median household income
- $58,636State: $71,957
- Median home value
- $136,300State: $218,200
- Median rent
- $929/moState: $1,062
- Homeowners
- 78.8%
- Bachelor's degree or higher
- 16.6%
- Average commute
- 26 min
Is Akron a good place to live?
Pros: Home values 38% lower than the state median; a poverty rate of 7.3%.
Cons: Median household income 19% lower than the Indiana median; an average commute of 26 minutes; unemployment of 8.5%.
The weather is best in June to September.
Cost of living in Akron
Housing is the biggest part of the cost of living. In Akron the median home value is $136,300, 59% lower than the U.S. median. Renters pay a median of $929 per month, which is 24.1% of household income. Homeowners with a mortgage pay $1,088 a month in housing costs.
Akron median household income
The median household income in Akron is $58,636 and the income per person is $26,499. 7.3% of residents live below the poverty line (Indiana: 12.3%).
Housing in Akron: homes for sale and rent
- Housing units
- 405
- Owner-occupied
- 78.8%
- Renter-occupied
- 21.2%
- Vacant
- 23%Includes seasonal homes
- Median year built
- 1945
- Average household size
- 3.06
Akron demographics
- Population
- 954
- Median age
- 35.6
- Under 18
- 26.4%
- 65 and older
- 12.8%
- Households
- 312
- Foreign-born
- 17%
- Veterans
- 5.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Akron ›
Education in Akron
16.6% of adults 25 and older in Akron have a bachelor's degree or higher (Indiana: 29.5%), and 6.4% have a graduate or professional degree.
Jobs and commute in Akron
- Unemployment rate
- 8.5%State: 4.3%
- Average commute
- 26 minState: 24 min
- Work from home
- 2%
- Drive alone
- 72.7%
- Public transit
- 0%
- Walk to work
- 2.7%
- Homes with broadband
- 92.9%
Akron vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Akron | 954 | $58,636 | $136,300 | $929 |
| Silver Lake | 857 | $55,272 | $112,000 | $1,158 |
| Macy | 199 | $49,643 | $61,700 | $736 |
| Burket | 203 | $55,833 | $109,400 | $950 |
| Rochester | 6,215 | $57,008 | $137,400 | $867 |
| Mentone | 768 | $60,000 | $112,000 | $797 |
| Claypool | 318 | $60,417 | $110,800 | $1,098 |
| Roann | 479 | $58,542 | $95,900 | $825 |
| Palestine | 1,085 | $91,653 | $158,200 | $1,083 |
More for people moving to Akron
Akron ZIP code ›Weather and climate ›Living in Akron: FAQ
What is the median household income in Akron, IN?
The median household income in Akron is $58,636, 19% lower than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Akron?
The median home value in Akron is $136,300, compared with $218,200 in Indiana.
How much is rent in Akron?
The median gross rent in Akron is $929 per month, about 24.1% of household income.
Is Akron, IN a good place to live?
Pluses: home values 38% lower than the state median; a poverty rate of 7.3%. Minuses: median household income 19% lower than the Indiana median; an average commute of 26 minutes; unemployment of 8.5%.
What is the median age in Akron?
The median age in Akron is 35.6 years (Indiana: 38.1).
How long is the commute in Akron?
The average commute to work in Akron is 26 minutes; 2% of workers work from home.
What is the unemployment rate in Akron?
The unemployment rate in Akron is 8.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Akron?
16.6% of adults in Akron have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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