Living in Akron, Michigan
Cost of living, income, home prices, rent and demographics of Akron · Census data 2020–2024
Akron has 336 residents with a median age of 47.2. The median household income is $50,179 (31% lower than the Michigan median), the median home value is $82,900, the median rent is $938/month.
Akron is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Akron at a glance
- Population
- 336
- Median age
- 47.2State: 40.2
- Median household income
- $50,179State: $72,875
- Median home value
- $82,900State: $231,600
- Median rent
- $938/moState: $1,129
- Homeowners
- 78.1%
- Bachelor's degree or higher
- 6.5%
- Average commute
- 36 min
Is Akron a good place to live?
Pros: Home values 64% lower than the state median.
Cons: Median household income 31% lower than the Michigan median; an average commute of 36 minutes; unemployment of 6.7%; a poverty rate of 27.6%.
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 $82,900, 75% lower than the U.S. median. Renters pay a median of $938 per month, which is 37.5% of household income. Homeowners with a mortgage pay $938 a month in housing costs.
Akron median household income
The median household income in Akron is $50,179 and the income per person is $28,051. 27.6% of residents live below the poverty line (Michigan: 13.2%).
Housing in Akron: homes for sale and rent
- Housing units
- 170
- Owner-occupied
- 78.1%
- Renter-occupied
- 21.9%
- Vacant
- 11.2%Includes seasonal homes
- Median year built
- 1951
- Average household size
- 2.17
Akron demographics
- Population
- 336
- Median age
- 47.2
- Under 18
- 16.4%
- 65 and older
- 21.7%
- Households
- 151
- Foreign-born
- 0.3%
- Veterans
- 11%Adults 18+
Hispanic or Latino can be of any race. Population history of Akron ›
Education in Akron
6.5% of adults 25 and older in Akron have a bachelor's degree or higher (Michigan: 32.4%), and 3.2% have a graduate or professional degree.
Jobs and commute in Akron
- Unemployment rate
- 6.7%State: 5.7%
- Average commute
- 36 minState: 24 min
- Work from home
- 5%
- Drive alone
- 82%
- Public transit
- 0%
- Walk to work
- 4.3%
- Homes with broadband
- 70.9%
Akron vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Akron | 336 | $50,179 | $82,900 | $938 |
| Fairgrove | 547 | $42,500 | $78,600 | $842 |
| Unionville | 569 | $76,653 | $97,300 | $1,278 |
| Caro | 4,290 | $41,595 | $102,700 | $753 |
| Reese | 1,274 | $82,361 | $174,700 | $879 |
| Sebewaing | 1,850 | $48,125 | $98,700 | $649 |
| Vassar | 2,707 | $59,444 | $143,200 | $744 |
| Gagetown | 311 | $55,000 | $77,100 | $725 |
| Owendale | 193 | $54,375 | $67,800 | $967 |
More for people moving to Akron
Akron ZIP code ›Weather and climate ›Living in Akron: FAQ
What is the median household income in Akron, MI?
The median household income in Akron is $50,179, 31% lower than the Michigan median of $72,875 (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 $82,900, compared with $231,600 in Michigan.
How much is rent in Akron?
The median gross rent in Akron is $938 per month, about 37.5% of household income.
Is Akron, MI a good place to live?
Pluses: home values 64% lower than the state median. Minuses: median household income 31% lower than the Michigan median; an average commute of 36 minutes; unemployment of 6.7%; a poverty rate of 27.6%.
What is the median age in Akron?
The median age in Akron is 47.2 years (Michigan: 40.2).
How long is the commute in Akron?
The average commute to work in Akron is 36 minutes; 5% of workers work from home.
What is the unemployment rate in Akron?
The unemployment rate in Akron is 6.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Akron?
6.5% 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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