Calculate using real Akron data. Median home price: $115,000. Property tax rate: 1.68%.
Akron, OH has a cost of living index of 82, where 100 represents the national average. This means living in Akron is 18% less expensive the national average.
The median household income in Akron, OH is $38,576. Combined with a cost of living index of 82, this provides a picture of purchasing power in the area.
The median home price in Akron, OH is $115,000 with a property tax rate of 1.68%. Monthly housing costs (mortgage + taxes + insurance) on a median-priced home would be approximately $893.