Can you afford to live in Akron?

Median household income, home values and rent in Akron, OH — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in Akron.

Median household income: $48,544 — +40.7% since 2015 (not adjusted for inflation)

Median gross rent: $930/mo — +36.8% since 2015

Median home value, 2015 to 2023

• 2015: 81200
• 2023: 111200

Median household income

• Akron: 48544
• Summit County: 71016
• OH: 69680
• U.S.: 78538

Median gross rent

• Akron: 930
• Summit County: 998
• OH: 988
• U.S.: 1348

Share of income a typical renter spends on rent: 30.0% — U.S.: 30.2%

What it means

The typical household here earns $48,544 — far lower than the national figure of $78,538.

The typical renter here spends 30.0% of household income on rent, above the 30% level housing agencies use to define cost burden.

Since 2015, income has kept pace with rent here (+40.7% versus +36.8%), before adjusting for inflation.