Cost of Living in Akron, OH

How far does a $70,000 salary go in Akron? Estimated income taxes on that gross salary total approximately $8,450 per year — combining federal taxes with Ohio's state income tax. Subtract rent for a 2-bedroom apartment ($1,268/month based on HUD Fair Market Rents for the Akron metro area) and the estimated annual take-home is $46,334, or roughly $3,861 per month for everything else: food, transportation, savings, and discretionary spending.

The Akron metro has a cost of living index of 77.5 according to the Bureau of Economic Analysis Regional Price Parities (national average = 100). At 23% below the national average, Akron is a genuinely affordable metro where everyday expenses stretch further than in most cities.

At a $70,000 salary, the estimated 2-bedroom rent in Akron represents approximately 22% of gross income. That falls comfortably below the 30% rent-burden guideline, a healthy position for building savings.