Cost of Living in Akron, OH
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
83.7
100 = national avg
-16.3 vs national average
Living Wage (1 Adult)
$36,827
per year
Living Wage (Family of 4)
$87,045
per year
Cost Index by Category
Housing87.0
Food87.1
Transportation74.2
Healthcare89.7
Utilities89.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$985
per month
2 Bedroom
$1,268
per month
The overall cost of living index in Akron is 83.7, which is 16.3% below the national average. Housing costs are below the national average at an index of 87.0. A single adult needs to earn approximately $36,827 per year to cover basic expenses.