Did the Cost of Living in Akron, OH increase in 2020? Akron, OH area prices were up 1.6% from a year ago. The largest increases were found in Transportation, Food, and Housing.
By using Salary.com's Cost of Living Calculator, you can make a cost of living comparison of the Consumer Price Index (CPI) and salary differentials of over 300+ US cities. Let us help you make an informed decision about what it will cost to live and work in the city of your dreams!
About Akron, Ohio Akron (/ˈækrən/) is the fifth-largest city in the U.S. state of Ohio and is the county seat of Summit County. It is located on the western edge of the....More
Based on this cost of living comparison, you can see:
If you move from Chicago IL, Dallas, TX, or Miami, FL, the percent increase of your cost of living could be 22.8%, 37.8%, and 24.8%. Looks like this move could have a negative net change in disposable income, so please think carefully!
If you move from New York, NY, San Francisco, CA, or Washington, DC, the percent reduction of your cost of living could be -43.50%, -23%, and -20.10%, that's good news to you that you could be looking at a positive net change in disposable income.
About Akron, OH
Akron (/ˈækrən/) is the fifth-largest city in the U.S. state of Ohio and is the county seat of Summit County. It is located on the western edge of the Glaciated Allegheny Plateau, about 30 miles (48 km) south of Cleveland. As of the 2017 Census estimate, the city proper had a total population of 197,846, making it the 119th-largest city in the United States. The Greater Akron area, covering Summit and Portage counties, had an estimated population of 703,505.
The city was founded in 1825 by Simon Perkins and Paul Williams, along the Little Cuyahoga River at the summit of the developing Ohio and...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Comments about the Cost of Living in Akron, OH
I love to be able to eat at restaurants and try different foods, if I include that along with groceries in my overall cost of living, how would I do in Akron, OH?
In Akron, Ohio going out to eat at a restaurant and buying food is considered to be affordable. Make sure you take this into account as you plan your overall cost of living in Akron, OH. (2020-07-27salary.com)
I love to go to sports events, what does Akron, Ohio have to offer?
Akron, OH does not have a major sports team, but don’t worry, check out local colleges and high school sports schedules. These games usually have very cheap tickets and the spirit and enthusiasm of the crowd often makes up for the level of skill. (2020-07-27salary.com)
I am nervous about moving, what is the typical cost of moving to another city and what should I have to think about?
The average cost of moving to another state is around $5,600 for a distance of 1,200 miles. This price can vary a lot if the distance is greater and depending on how much is being moved. Even if your employer is covering the cost of a move, there will still be costs that are not covered. A cost that typically occurs is that your existing furniture and accessories are either too large, too small, or not appropriate for your new home. You may find that after you move, you will need to purchase many new items for the new location, for example, window coverings, rugs, lighting, and outdoor gear. Make sure you budget for these types of expenses and include them in the first year’s cost of living at your new location. Finally, although there is no dollar cost, is the stress of moving, which will increase if you have children or pets. Make sure you prepare in advance for what additional TLC those kids and pets will need to have a good move. (2020-07-27salary.com)
Are there any tips that will help make the move to Akron, Ohio easier for my child?
Adults find that moving can sometimes be an emotional and stressful experience. Children, who don’t have the maturity, independence, and understanding of a parent may be even more sensitive to a move. If they are old enough to understand, include the children in making plans for the move. When moving to a distant place, help your children learn about the new area. Check out the website for Akron, Ohio to find opportunities and activities in the new location like parks, beaches, museums, or playgrounds that kids will enjoy and look forward to visiting. (2020-07-27salary.com)
Electricity bills are a big part of my current cost of living and can be really high, what is the cost of electricity in Akron, Ohio?
The current electric rate cost in Akron,OH is 12.67¢ / kWh, which is lower than average compared to the rest of the United States. Energy costs in Akron,OH are generally going down. The cost of electricity can have a bigger than average impact of your overall cost of living if you are required to pay heating or cooling costs or, if you use an electric stove, clothes dryer, or water heater. Newer appliances are typically more energy efficient so try to replace out dated appliances with more energy efficient models. Also keep in mind, that if electric utilities are included in your rent, most likely the pricing of electricity has been added to the rent amount. (2020-07-27salary.com)
My kids are important, how much of my cost of living should I estimate I will need to spend on child care in Akron, OH?
It is difficult to exactly predict the cost of child care in any city, which for parents, is a large part of the cost of living. There are different arrangements and lengths of time that are needed to care for a child, and costs may vary a lot depending on the services provided. Based on the state average, for Akron child care for a child up to 3 years could cost $8977 per year. Ohio, is ranked NO. 29 in annual cost of child care in the U.S. (2020-07-27salary.com)
How do rental housing prices in Akron,Ohio impact the overall cost of living?
I am single and live in Akron,OH, I rent a small 1 bedroom and the monthly rent is $490 . Rent contributes to a large part of the overall cost of living in Akron,OH, I try to economize by having a small apartment. (2020-07-27salary.com)
Are there fun things to in Akron, Ohio that are free or don’t cost a lot?
Looks for areas of Akron, Ohio where there is a large student population. In those areas you will be sure to find lots of free or cheap events to go to and plenty of cheap places to eat. Familiarize yourself with the places where students hang out, and take advantage of discounted or bargain prices, you are sure to be able to keep your cost of living reasonable. Look at the website for Akron, OH to find recommendations for activities that are available and unique to the area. (2020-07-27salary.com)
Will I have to pay a lot in taxes if I move to Akron, Ohio?
The sales tax for Akron is 5.75%. This is the tax that you will pay on things that you buy. (2020-07-27salary.com)
What is the cost of public transit in Akron, Ohio?
Public transit in Akron, OH will cost you around $50.00 per month. (2020-07-27salary.com)
Can you save money using public transport?
You could save up to $1,000 per year, depending on your location, by using public transport instead of driving. Not only will you reduce the stress of driving and finding a place to park once you reach your destination, your car and tires will last longer, and you will spend less on gas. A side benefit is that you may be able to relax, work, or read on the way to work, or get to know and chat with other commuters. Some employers offer employees reduced fee bus or transit passes, so check that out with your employer. (2020-07-27salary.com)
Cost of Living Frequently Asked Questions
What is a Cost of Living index and how is it used?
In the simplest terms, a Cost of Living index is the estimated amount that represents the cost of the basic necessities required for an individual to live. A cost of living or COL estimate may typically include estimates for housing, food, energy, medical care, transportation, taxes, and other necessities. A COL index may be used to measure what the cost difference would be for a person living in a certain location compared to another location. This cost of living comparison helps individuals make decisions about where they would like to live and what they can afford based on the costs in that location. A cost of living comparison can provide guidance about how an increase or decrease in these basic living expenses impacts necessary spending for an individual or a family.
What factors are included in estimating your cost of living?
The Salary.com cost of living calculator estimate is based on data related to five general categories: housing, food, healthcare, transportation, and energy. These are the universally recognized core components of any cost of living estimate and represent those expenses that apply to everyone. Obviously, there may be other factors that could contribute to your particular cost of living situation and not everyone has the same spending habits. For example, education and/or childcare costs might not apply to everyone, but for those who have those expenses, they could be significant and should be considered when you evaluate your cost of living comparison.
The Salary.com cost of living calculator is unique in that it also incorporates current salary data for thousands of jobs specific to a chosen home or work location to provide a more refined estimate of the cost of living variations. You can see how your job and your salary will be impacted by a change of location. If you live in one location but work in another, the cost of living calculator will make those adjustments to provide an accurate estimate of the change in COL. The Salary.com cost of living calculator helps you to make cost of living comparisons cost comparisons easily and quickly.