Real Akron local data included.
Vanderflip Financial is an independent publisher. Local data from MIT Living Wage Calculator, BLS, and Zillow. See our Editorial Policy.
In Akron where average 1-bedroom rent is $900/month and the living wage is $19.18/hour, building a savings cushion requires careful planning. This calculator helps Akron residents set realistic savings targets based on local financial realities.
Use Ohio Savings Calculator →| Data Point | Akron | US Average |
|---|---|---|
| MIT Living Wage | $19.18/hr | $21.50/hr |
| Avg 1BR Rent | $900/mo | $1,500/mo |
| Cost of Living | 14% below average | Baseline |
| Minimum Wage | $10.45/hr | $7.25 federal |
| State Income Tax | 3.5% | 5.1% avg |
Ohio Income Tax 2026 • Ohio Savings Calculator • Calculators