Living in Akron, Ohio
Cost of living, income, home prices, rent and demographics of Akron · Census data 2020–2024
Akron has 189,247 residents with a median age of 36.9. The median household income is $48,076 (33% lower than the Ohio median), the median home value is $122,000, the median rent is $955/month.
Akron at a glance
- Population
- 189,247
- Median age
- 36.9State: 39.7
- Median household income
- $48,076State: $71,389
- Median home value
- $122,000State: $214,800
- Median rent
- $955/moState: $1,034
- Homeowners
- 50.7%
- Bachelor's degree or higher
- 23.6%
- Average commute
- 22 min
Is Akron a good place to live?
Pros: Home values 43% lower than the state median; an average commute of 22 minutes.
Cons: Median household income 33% lower than the Ohio median; unemployment of 7.8%; a poverty rate of 23.3%.
The weather is best in May–June and August–September.
Cost of living in Akron
Housing is the biggest part of the cost of living. In Akron the median home value is $122,000, 63% lower than the U.S. median. Renters pay a median of $955 per month, which is 31.7% of household income. Homeowners with a mortgage pay $1,141 a month in housing costs.
Akron median household income
The median household income in Akron is $48,076 and the income per person is $29,457. 23.3% of residents live below the poverty line (Ohio: 13.3%).
Housing in Akron: homes for sale and rent
- Housing units
- 93,741
- Owner-occupied
- 50.7%
- Renter-occupied
- 49.3%
- Vacant
- 9.6%Includes seasonal homes
- Median year built
- 1954
- Average household size
- 2.18
Akron demographics
- Population
- 189,247
- Median age
- 36.9
- Under 18
- 21.5%
- 65 and older
- 16%
- Households
- 84,734
- Foreign-born
- 7%
- Veterans
- 6.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Akron ›
Education in Akron
23.6% of adults 25 and older in Akron have a bachelor's degree or higher (Ohio: 31.5%), and 8.2% have a graduate or professional degree.
Jobs and commute in Akron
- Unemployment rate
- 7.8%State: 4.8%
- Average commute
- 22 minState: 23 min
- Work from home
- 11.2%
- Drive alone
- 71.7%
- Public transit
- 2%
- Walk to work
- 2%
- Homes with broadband
- 89.2%
Akron vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Akron | 189,247 | $48,076 | $122,000 | $955 |
| Portage Lakes | 5,913 | $64,375 | $167,000 | $1,162 |
| Tallmadge | 18,335 | $89,410 | $232,500 | $1,067 |
| Sawyerwood | 1,241 | $51,731 | $134,000 | — |
| Munroe Falls | 5,000 | $81,214 | $250,800 | — |
| Mogadore | 3,806 | $82,557 | $181,900 | $992 |
| Silver Lake | 2,515 | $139,934 | $319,400 | — |
| Fairlawn | 7,711 | $97,055 | $284,600 | $1,239 |
| Lakemore | 2,914 | $59,758 | $158,400 | $1,060 |
More for people moving to Akron
Akron ZIP code ›Weather and climate ›Living in Akron: FAQ
What is the median household income in Akron, OH?
The median household income in Akron is $48,076, 33% lower than the Ohio median of $71,389 (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 $122,000, compared with $214,800 in Ohio.
How much is rent in Akron?
The median gross rent in Akron is $955 per month, about 31.7% of household income.
Is Akron, OH a good place to live?
Pluses: home values 43% lower than the state median; an average commute of 22 minutes. Minuses: median household income 33% lower than the Ohio median; unemployment of 7.8%; a poverty rate of 23.3%.
What is the median age in Akron?
The median age in Akron is 36.9 years (Ohio: 39.7).
How long is the commute in Akron?
The average commute to work in Akron is 22 minutes; 11.2% of workers work from home.
What is the unemployment rate in Akron?
The unemployment rate in Akron is 7.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Akron?
23.6% 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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