Akron, OH Cost of Living (2024): How Expensive Is It?

What Salary Do You Need to Live Comfortably in Akron, OH in 2024?

Overall, on average, a gross annual salary of $50,297 is required for an average quality of life in Akron, OH.

Is the Cost of Living High in Akron, OH?

Akron, OH is ranked 21st out of the 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered one of the cheapest cities in which to live in the U.S. Akron, OH's average monthly rent is 53% lower than the U.S. average cost of rent.

Is $50,000 a Good Salary in Akron, OH in 2024?

A gross annual salary of $50,000 in Akron, OH will yield an average annual net salary of $45,164. Considering that the total average annual cost of living in Akron, OH is $38,487, a gross annual salary of $50,000 will be sufficient to cover average living costs.

How Much Should You Pay for Rent in Akron, OH?

The average monthly rent in Akron, OH in the city center is $800 for a 1 bedroom apartment, $1,103 for a 2 bedroom apartment and $1,402 for a 3 bedroom apartment. Outside the city center, the average monthly rent in is $707 for a 1 bedroom apartment, $900 for a 2 bedroom apartment and $1,100 for a 3 bedroom apartment.