Is Akron, IN a Good Place to Live?
Akron is a small town of 1,062 in Indiana, with a median household income of $58,958 and a 10.9% unemployment rate. Its cost of living index is 92 (US average = 100), which is 8% below the national average.
Strengths: Akron stands out for an affordable cost of living, below-average home prices, solid school ratings (B-), short average commutes.
Trade-offs: Potential downsides include an elevated unemployment rate. Whether Akron is right for you depends on your priorities — the full breakdown is below.
All Akron city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 91.6Akron's overall cost of living index is 91.6, where 100 represents the US national average. Living in Akron costs roughly 8% less than the average American city.
| Metric | Akron, IN | National Avg |
|---|---|---|
| Median Home Value | $112,500 | $244,900 |
| Median Monthly Rent | $795 | $1,163 |
| Homeownership Rate | 72.3% | 65.9% |
| Median Household Income | $58,958 | $74,755 |
Crime & Safety
Crime data for Akron is not currently available from the FBI's Uniform Crime Reporting program. Not all local agencies report to the UCR each year.
Schools & Education
Akron is served primarily by Tippecanoe Valley School Corp. The student-to-teacher ratio is 14.2:1 (better than the national average of ~16:1).
| Metric | Akron, IN | National Avg |
|---|---|---|
| School District | Tippecanoe Valley School Corp | — |
| Elementary Schools | 2 | — |
| Middle Schools | 1 | — |
| High Schools | 1 | — |
| Student/Teacher Ratio | 14.2:1 | 16:1 |
| Bachelor's Degree or Higher | 10.9% | 35.4% |
| High School Diploma or Higher | 75.8% | 91.1% |
Weather & Climate
Akron sees average highs of 31.9°F in January and 83.2°F in July, with 40.8 inches of annual precipitation and 30.1 inches of snow per year.
| Metric | Akron, IN |
|---|---|
| Average High — January | 31.9°F |
| Average High — July | 83.2°F |
| Annual Precipitation | 40.8" |
| Annual Snowfall | 30.1" |
Demographics
| Metric | Akron, IN | National Avg |
|---|---|---|
| Population | 1,062 | — |
| Median Age | 34.5 | 38.9 |
| Unemployment Rate | 10.9% | 3.7% |
| Avg Commute Time | 22.7 min | 26 min |
| White (non-Hispanic) | 68.1% | 59.3% |
| Black or African American | 0.0% | 13.6% |
| Hispanic or Latino | 27.8% | 18.9% |
| Asian | 0.0% | 6.3% |
| Under 18 | 28.0% | 22.2% |
| 65 and over | 13.0% | 16.8% |
Nearby Cities
ZIP Codes in Akron
Akron, IN is covered by 1 ZIP code: