The Cost of Living in Akron: A Comprehensive Guide
Akron: A Comprehensive Guide" />
Akron, Ohio is a city that has been growing in popularity in recent years. With its affordable housing, low cost of living, and strong job market, it’s no wonder that more and more people are considering moving to Akron. In this comprehensive guide, we’ll take a closer look at the cost of living in Akron and what you can expect if you decide to make this city your home.
What is the Cost of Living in Akron?
The cost of living in Akron is lower than the national average. According to BestPlaces.net, the overall cost of living in Akron is 20% lower than the national average. Housing is the biggest factor in the cost of living, with housing costs in Akron being 44% lower than the national average. Other factors that contribute to the lower cost of living in Akron include transportation, healthcare, and groceries, which are all below the national average.
Housing Costs in Akron
As mentioned, housing costs in Akron are significantly lower than the national average. The median home price in Akron is $78,000, which is less than half of the national median home price of $231,000. Renting is also affordable in Akron, with the average rent for a one-bedroom apartment being $650 per month. If you’re looking to buy a home in Akron, you’ll find a variety of options, from historic homes to new construction, all at prices that are well below the national average.
Utilities and Transportation Costs in Akron
Utilities and transportation costs in Akron are also lower than the national average. The average monthly utility bill in Akron is $140, which is 10% lower than the national average. Gasoline prices in Akron are also lower than the national average, with the average price per gallon being $2.50. If you’re looking to use public transportation, Akron has a bus system that is affordable and convenient, with fares starting at just $1.25 per ride.
Food and Entertainment Costs in Akron
Food and entertainment costs in Akron are also affordable. The cost of groceries in Akron is 7% lower than the national average, and there are plenty of affordable dining options in the city. If you’re looking for entertainment, Akron has a variety of options, from museums and theaters to parks and outdoor activities, all at prices that won’t break the bank.
FAQs
1. What is the job market like in Akron?
The job market in Akron is strong, with a variety of industries represented in the city. Some of the top employers in Akron include Akron Children’s Hospital, Goodyear Tire & Rubber Co., and Summa Health System. The unemployment rate in Akron is currently 5.2%, which is slightly higher than the national average but still relatively low.
2. Is Akron a safe city?
Overall, Akron is a safe city. According to NeighborhoodScout, the crime rate in Akron is lower than the national average. However, like any city, there are certain areas that are safer than others, so it’s important to do your research before choosing a neighborhood to live in.
3. What is the cost of healthcare in Akron?
The cost of healthcare in Akron is lower than the national average. According to BestPlaces.net, healthcare costs in Akron are 5% lower than the national average. Akron is home to several hospitals and healthcare facilities, including Akron General Medical Center and Summa Health System.
Conclusion
If you’re looking for an affordable place to live with a strong job market and plenty of amenities, Akron is definitely worth considering. With its low cost of living, affordable housing, and variety of entertainment options, Akron has a lot to offer. Whether you’re a first-time homebuyer, a real estate investor, or a real estate agent, Akron is a city that should be on your radar.
