Akron, OH vs Lakewood, OH: Cost of Living Comparison
Akron has the lower overall cost of living. (100 = US national average)
Category-by-Category Comparison
| Category | Akron | Lakewood | Cheaper |
|---|---|---|---|
| Overall cost of living | 61 | 83 | Akron |
| Housing | 32 ($651) | 69 ($709) | Akron |
| Transportation | 109 ($3.50) | 103 ($3.50) | Lakewood |
| Food & groceries | 65 ($267) | 88 ($361) | Akron |
| Utilities | 66 ($58) | 85 ($124) | Akron |
| Healthcare | 66 ($42) | 85 ($90) | Akron |
| Median annual wage | 102 ($49,380) | 102 ($49,380) | Tie |
Index 100 = US national average. Lower = cheaper. For wage, higher = better.
Frequently Asked Questions
Is Akron, OH or Lakewood, OH cheaper to live in?
Akron, OH is cheaper overall by about 22 index points (Akron, OH: 61, Lakewood, OH: 83; 100 = US national average).
What salary do I need in Akron, OH vs Lakewood, OH?
A single adult needs roughly $21,350/year in Akron, OH and $29,050/year in Lakewood, OH to cover basic living costs.