Salary & Cost of Living in Akron, OH
Akron, OH: $50,000 median salary, cost of living index 84, $10.65/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$50,000
$24/hr
Cost of Living
84
US avg = 100
Minimum Wage
$10.65
per hour
Unemployment
4%
rate
Akron, OH Overview
Population
190,469
Median Salary
$50,000
Average Salary
$55,500
Avg Commute
22 min
Median Home Price
$115,000
Median Rent
$850/mo
Job Growth
+1%
Sales Tax
6.75%
Akron is located in Ohio with a population of 190,469. The median household salary is $50,000 per year ($24/hour), which is $9,384 below the national median of $59,384. The average commute time is 22 minutes, and the city has a job growth rate of +1%.
Akron Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Akron, OH, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$39,214
$3,267.79/month · $1,508.21/biweekly · Effective Rate: 21.6%
Gross Pay
$50,000
Federal Tax
-$3,962
State Tax
-$1,750
Local Tax
-$1,250
FICA
-$3,825
Net Pay
$39,214
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,166.67 | $50,000.00 |
| Federal Income Tax | -$330.13 | -$3,961.50 |
| Ohio State Tax (3.5%) | -$145.83 | -$1,750.00 |
| Local Tax (2.5%) | -$104.17 | -$1,250.00 |
| Social Security (6.2%) | -$258.33 | -$3,100.00 |
| Medicare (1.45%) | -$60.42 | -$725.00 |
| Net Take-Home Pay | $3,267.79 | $39,213.50 |
Salary Comparison: Akron vs Other Cities
See how Akron's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Akron, OH | $50,000 | 84 | $59,524 |
| National Average | $59,384 | 100 | $59,384 |
| Modesto, CA | $50,000 | 100 | $50,000 |
| Moreno Valley, CA | $50,000 | 100 | $50,000 |
| Salinas, CA | $50,000 | 110 | $45,455 |
| Lakeland, FL | $50,000 | 92 | $54,348 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Akron
Akron's cost of living index is 84 (national average = 100). Living in Akron is 16% less expensive than the national average.
Median Home Price
$115,000
Median Monthly Rent
$850
Annual Rent Cost
$10,200
Your Salary's Purchasing Power
Your $39,214 annual take-home pay in Akron has the purchasing power of approximately $46,683 in an average-cost US area. Your $50,000 salary stretches further here than in most US cities.
Top Industries in Akron
Akron's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $50,000.
Salary Tips for Akron Workers
- Your salary goes further here. Akron has a cost of living 16% below the national average. A salary of $50,000 here has the purchasing power of about $59,524 in an average-cost area.
- Research top industries. Akron's top industries include Healthcare, Polymer, Manufacturing. Targeting roles in these sectors can help you earn above the $50,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
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Frequently Asked Questions
What is the median salary in Akron, OH?
The median salary in Akron, OH is $50,000 per year, or $24 per hour. The average salary is $55,500. This is $9,384 below the national median of $59,384.
What is the cost of living in Akron, OH?
Akron's cost of living index is 84 (national average = 100), meaning it is 16% less expensive compared to the national average. The median home price is $115,000 and the median monthly rent is $850.
What are the best industries in Akron?
The top industries in Akron, OH include Healthcare, Polymer, Manufacturing. The city has a job growth rate of 1% and an unemployment rate of 4%. Workers in these industries often earn above the city's median salary of $50,000.
How does Akron's salary compare to other cities?
Akron's median salary of $50,000 is 15.8% below the national median of $59,384. However, when adjusted for cost of living (index: 84), the real purchasing power is approximately $59,524.
What is the minimum wage in Akron, OH?
The minimum wage in Akron, OH is $10.65 per hour. This equals approximately $22,152 per year for a full-time worker (40 hours/week). This is $3.40 above the federal minimum wage of $7.25/hour.