Summit County · Ohio · Midwest · 189k residents
Akron, OH: economy, jobs & business costs
The site-selection read on Akron: labor costs, talent, corporate tax, energy, and business activity, with the Ohio median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,256/wk. Ohio's corporate income tax rate is 0%. Commercial electricity averages 10.7¢/kWh.
Compare Akron side by side
Avg. weekly wage
$1,256/wk
Corporate income tax
0%
Bachelor's degree or higher
23.6%
Commercial electricity
10.7¢/kWh
Economic momentum
How fast Akron's economy is moving, ranked against the US cities we track.
25/100
Cooling
Ranks Akron's jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $122,000 |
| Price per sq. ft. | $145 |
| Property tax rate | 1.5% |
| 1-bedroom rent | $706/mo |
| 2-bedroom rent | $966/mo |
| State & local income tax | 4.41% |
| Sales tax | 7.25% |
| Corporate income tax | 0% |
| Avg. weekly wage | $1,256/wk |
| Bachelor's degree or higher | 23.6% |
| Commercial electricity | 10.7¢/kWh |
| Businesses per 1k residents | 29.3/1k |
| Wage: Software developer | $105,430 |
| Wage: Registered nurse | $80,770 |
| Wage: General manager | $98,340 |
| Wage: Customer service | $45,420 |
| Wage: Warehouse worker | $37,600 |
| Wage: Heavy truck driver | $60,210 |
| Wage: Electrician | $77,360 |
| Wage: Retail salesperson | $31,060 |
| Cost of living index | 75 |
| Groceries index | 95 |
| Utilities | $160/mo |
| Transit pass | $60/mo |
| Gas price | $3.15/gal |
| Healthcare index | 95 |
| Childcare (per child) | $950/mo |
| Median household income | $48,076 |
| Unemployment rate | 3.9% |
| Population | 189k |
| Crime index | 45/100 |
| School rating | 5.8/10 |
| Walkability | 38/100 |
| Disaster risk | 91/100 |
| Avg. commute | 24 min |
| Sunny days / year | 175 days |
| July high | 85°F |
| January low | 21°F |
| Annual snowfall | — |
| Home price YoY | +3.1% |
| Home price MoM | +0.1% |
| Rent YoY | +5.3% |
| Rent MoM | +0.8% |
| Employment (jobs) YoY | -0.4% |
| Building permits YoY | — |
| Ocean coast | 377 mi |
| Big lake | 33 mi |
| Mountains | 193 mi |
| Major airport | 31 mi |
| Ski resort | 136 mi |
Popular comparisons
Nearby
- Barberton, OH · 25k
- Tallmadge, OH · 18k
- Cuyahoga Falls, OH · 51k
- Green, OH · 27k
- Stow, OH · 34k
Similar size
- Dayton, OH · 137k
- Toledo, OH · 267k
- Parma, OH · 80k
- Canton, OH · 70k
- Cincinnati, OH · 311k
Real listings in Akron
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Akron a good place to run a business?
- Ohio's corporate income tax rate is 0%; average weekly wages in the surrounding labor market run $1,256/wk; commercial electricity averages 10.7¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Akron, OH?
- Akron indexes at 75 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $966/mo and a acs median home value of $122,000.
- How much does a house cost in Akron?
- The acs median home value in Akron is $122,000 (Census ACS estimate; individual listings vary).
- How much is rent in Akron?
- A two-bedroom in Akron rents for about $966/mo.