Cost of Living: Lorain, 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 Lorain, OH versus $4,356/mo in Akron, OH. In the model, rent is about 12.22% of gross in Lorain, OH versus 13.56% in Akron, OH, so Lorain, OH tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Lorain, OH and Akron, OH.
At a glance
- Cheaper overall (lower cost-of-living index): Akron, OH
- Lower rent (median 1BR/2BR): Lorain, OH
- Lower home prices: Akron, OH
- Higher median household income: Akron, OH
Cost of Living Index
Lorain, 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
Lorain, OH: $797/mo (midpoint of 1BR/2BR) · Akron, OH: $884/mo
Median rent in Akron, OH is $87/mo higher than in Lorain, OH.
Median Home Price
Lorain, OH: $123,500 · Akron, OH: $111,200
Median home price in Lorain, OH is $12,300 higher than in Akron, OH.
Median Household Income
Lorain, OH: $45,799 · Akron, OH: $48,544
Akron, OH has a higher median household income than Lorain, OH by $2,745.
Lorain, OH overview · Akron, OH overview · Popular comparisons