Cost of Living: Newark, OH vs Akron, OH
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,356/mo in Newark, OH versus $4,356/mo in Akron, OH. In the model, rent is about 13.49% of gross in Newark, OH versus 13.56% in Akron, OH, so Newark, OH tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Newark, OH and Akron, OH.
At a glance
- Cheaper overall (lower cost-of-living index): Akron, OH
- Lower rent (median 1BR/2BR): Newark, OH
- Lower home prices: Akron, OH
- Higher median household income: Newark, OH
Cost of Living Index
Newark, OH: 100 (U.S. = 100) · Akron, OH: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Newark, OH: $880/mo (midpoint of 1BR/2BR) · Akron, OH: $884/mo
Median rent in Akron, OH is $4/mo higher than in Newark, OH.
Median Home Price
Newark, OH: $174,100 · Akron, OH: $111,200
Median home price in Newark, OH is $62,900 higher than in Akron, OH.
Median Household Income
Newark, OH: $58,920 · Akron, OH: $48,544
Newark, OH has a higher median household income than Akron, OH by $10,376.
Newark, OH overview · Akron, OH overview · Popular comparisons