Homes for Sale in Akron, OH: What You Need to Know
If you’re considering a move to Akron, OH, it’s smart to get an idea of the local living expenses. Housing, utilities, and healthcare prices are below the national average, while food and transportation are above it. As a result, the total cost of living in Akron is a little cheaper than the U.S. average. Let's take a closer look:
Median Home Price: $343,877
Electricity Bill: $162.63 per month
Phone Bill: $173.36 per month
Gas: $2.85 a gallon
Food & Groceries: 2% higher than the national average
Healthcare: 16% lower than the national average
Sales tax: 6.8%
Local Job Opportunities
Today, Akron's economy and job market are growing at a slower rate than the national average, and will likely continue to do so over the next decade. Major industries are healthcare, manufacturing, and retail, but overall, there is a diverse mix of sectors. The largest employers include Summa, Cleveland Clinic-Akron General Hospital, Acron Public Schools, Goodyear, Signet Jewelers, and First Energy Corp.
Schools and Higher Education
Akron has almost 100 schools, the majority of which are governed by the Akron City School District. One of the highest-rated public schools is Windermere Elementary School in the eastern part of the city. Another highly ranked school is Akron Early College High School, which has a graduation rate of over 96%. There are many private schools in Akron as well.
Students seeking higher education in the Akron area can find over 300 undergraduate and graduate degree programs at The University of Akron. The institution has a strong background in STEM disciplines and a focus on related industries such as polymers and engineering and is part of the University System of Ohio.
Getting Around in Akron
Akron is well connected to the rest of Ohio, the U.S., and the world through various ways of transportation. The average commute time in Akron is 21.5 minutes, which is five minutes below the national average. The city has a robust mass transit system, provided by the METRO Regional Transit Authority. Its more than 200 bus routes operate in Summit County, where Akron is located, as well as Ohio and downtown Cleveland. The nearest option for commercial air travel is Akron-Canton Regional Airport, 10 miles southwest of Akron. For interregional and international flights, Cleveland Hopkins International airport is just 43 miles away.
The Local Population
Akron is the 5th most populous city in Ohio. It has a population of 198,148 on 61.9 square miles, which equals a population density of 3,199.4 people per square mile. The largest ethnic groups are White (58.8%), Black or African American (30.3%), mixed-race (4.1%), Asian (3.97%), and Hispanic (1.52%). Akron's median age is 36, and 21% of residents hold a bachelor's degree or higher. 62.5% of people over 16 are in the workforce, with an average household income of $53,027 and a poverty rate of 23.3%.