Cost of Living in Akron
Akron's cost of living runs genuinely low relative to national medians, anchored by affordable housing and Ohio's comparatively low flat state income tax.
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Learn moreGenuinely affordable housing, with a real disclosed price spread
Akron home-price figures carried a real, wide spread across sources this pass ($144,687 average to $245,000 median), but all cited figures agree Akron runs genuinely affordable relative to the national median.
Akron's own comparatively high property tax rate
Akron's own city-specific effective property tax rate (1.93%) runs above both the Ohio statewide (~1.60%) and national (~1.02%) medians -- a real, disclosed cost this record doesn't omit despite Akron's overall affordability.
Ohio's low state income tax, plus Akron's own city tax
Ohio's flat 2.75% state income tax is genuinely low, but Akron levies its own additional 2.5% city income tax, self-collected directly by the city -- a combined approximate 5.25% marginal rate above the state exemption threshold.
Key takeaways
- Akron's housing runs genuinely affordable relative to national medians, despite a real, wide spread across cited sources.
- Akron's own effective property tax rate (1.93%) runs above Ohio's and the national median.
- Combined income tax (state + city) runs approximately 5.25% above the state exemption threshold.
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