Akron, Michigan

Cost of living in Akron, Michigan

  • Cost of living compated to USAthe lowest
  • Cost of living compared to Michiganlow
  • Median household incomethe lowest

Is it expensive to live in Akron, Michigan? When calculating the cost of living in Akron, Michigan we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.

The cost of living in Akron, Michigan is the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan, while median household income in Akron is $40,833 which is the lowest Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan.

Taxes in Akron, Michigan

The sales tax rate in Akron, Michigan is 6.0%. Last year, the average property taxes paid was 1.5% Akron, Michigan.

The state income tax in the state of Michigan is 4.25%.

Housing costs in Akron, Michigan

  • The average cost of a single-family home compated to USAthe lowest
  • The average cost of a single-family home compated to Michiganthe lowest

In Akron, Michigan, 83% of the population owns their homes, while approximately 17% rent. The average cost of a single-family home in Akron, Michigan in 2022 is $94,459 which is the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan. The average one-bedroom apartment cost is approximately $[no data] per month.

Rental SizeMonthly CostCompared to Michigan
1 Bedroom$[no data][no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom$[no data][no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom$[no data][no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom$[no data][no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest