Cost of Living in Akron, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
84.8
100 = national avg
-15.2 vs national average
Living Wage (1 Adult)
$37,302
per year
Living Wage (Family of 4)
$88,168
per year
Cost Index by Category
Housing73.4
Food93.9
Transportation87.9
Healthcare95.2
Utilities91.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$786
per month
2 Bedroom
$973
per month
The overall cost of living index in Akron is 84.8, which is 15.2% below the national average. Housing costs are below the national average at an index of 73.4. A single adult needs to earn approximately $37,302 per year to cover basic expenses.