Retirement Savings Calculator for Akron, OH
Updated 2026 · Local data pre-filled
The median household income in Akron is $50,800. With a cost of living index of 83, your retirement needs will be lower than average. Planners generally recommend saving 10–15% of income; at Akron's median income that's $6,096–$7,620 per year.
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How Akron Compares to the National Average
Understanding how Akron stacks up helps you calibrate your financial planning.
| Metric | Akron, OH | US Average | Difference |
|---|---|---|---|
| Median Home Price | $155,000 | $420,800 | -63.2% |
| Median Monthly Rent | $820 | $1,713 | -52.1% |
| Median Household Income | $50,800 | $74,580 | -31.9% |
| Property Tax Rate | 1.60% | 1.10% | +45.5% |
| Cost of Living Index | 83 | 100 | -17.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Akron Financial Snapshot
- Population (Metro)
- 700,000
- Unemployment
- 5.0%
- Avg Commute
- 22 min
- Median Age
- 36.6
- Price-to-Rent Ratio
- 15.8x
- Annual Property Tax
- $2,480
Retirement Savings Calculator in Other Ohio Cities
Frequently Asked Questions — Akron
What is the median home price in Akron, OH?
The median home price in Akron is $155,000 as of 2025–2026. This is below the national median of $420,800.
What is the average rent in Akron?
Median monthly rent in Akron is $820. That works out to $9,840/year, or 19% of the median household income — within the commonly recommended 30% of income guideline.
Is Akron affordable?
Akron's cost of living index is 83 vs. the national average of 100. With a median household income of $50,800/year and a median home price of $155,000, the price-to-income ratio is 3.1x. Akron remains relatively affordable compared to many US metros.
What is the property tax rate in Akron?
The effective property tax rate in Akron is 1.60% of assessed value. On the median home of $155,000, that's roughly $2,480/year ($207/month).