Below Average CostVery SafeAkron-Fairgrove Schools
Median Income
$55,000
household / year
Median Home Value
$79,000
owner-occupied
Median Rent
$833
gross / month
Cost of Living
90
national avg = 100
Is Akron, MI a Good Place to Live?
Akron is a small town of 330 in Michigan, with a median household income of $55,000
and a 2.9% unemployment rate.
Its cost of living index is 90 (US average = 100), which is
10% below the national average.
Strengths:
Akron stands out for an affordable cost of living, below-average home prices.
Trade-offs:
No major red flags stand out in the available data. 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: 90.3
Akron's overall cost of living index is 90.3,
where 100 represents the US national average.
Living in Akron costs roughly 10% less than the average American city.
Metric
Akron, MI
National Avg
Median Home Value
$79,000
$244,900
Median Monthly Rent
$833
$1,163
Homeownership Rate
79.9%
65.9%
Median Household Income
$55,000
$74,755
Crime & Safety
Very Safe
Akron's violent crime rate is 266.1 per 100,000 residents
— 30% lower than the national average of ~380 per 100,000.
Violent Crime
266.1 /100k
Property Crime
622.1 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Akron is served primarily by Akron-Fairgrove Schools.
The student-to-teacher ratio is 17.6:1
(slightly above the national average of ~16:1).
Metric
Akron, MI
National Avg
School District
Akron-Fairgrove Schools
—
Elementary Schools
1
—
Middle Schools
N/A
—
High Schools
2
—
Student/Teacher Ratio
17.6:1
16:1
Bachelor's Degree or Higher
6.7%
35.4%
High School Diploma or Higher
88.8%
91.1%
Weather & Climate
Akron sees average highs of 29.4°F in January
and 81.9°F in July,
with 34.3 inches of annual precipitation
and 41.6 inches of snow per year.
Akron's cost of living index is 90, where 100 is the national average.
That makes Akron roughly 10% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $79,000 and median rent is $833/month.
Akron's violent crime rate is 266.1 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 622.1 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Akron are operated by Akron-Fairgrove Schools.
The district has 1 elementary, several middle, and 2 high schools.
The student-to-teacher ratio is 17.6:1. 6.7% of adults 25+ hold a bachelor's degree or higher.
Akron, MI has a population of 330, a median household income of $55,000, and an unemployment rate of 2.9%.
It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Akron averages 29.4°F in January and 81.9°F in July. Annual rainfall is 34.3 inches
with about 41.6 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
Akron, MI is covered by 1 ZIP code: 48701.
The population of Akron, Michigan is 330 with a median age of 41.4. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Akron: cost of living index 90 (100 = US average), median home $79,000, median household income $55,000, crime index 54 (100 = US average, lower is safer), schools rated C. Whether these are benefits or drawbacks depends on where you're coming from — compare Akron side by side with your current city to see the trade-offs.