Cost of Living: Akron, OH vs Lakewood, CO (2026)

Akron

Ohio
55
VS

Lakewood

Colorado
141

Akron is 61% cheaper than Lakewood.

$930/mo ↓ 47%
Median Rent
$1,746/mo ↑ 88%
$48,544/yr ↓ 43%
Median Income
$85,789/yr ↑ 77%
$111,200 ↓ 80%
Home Value
$548,200 ↑ 393%
$904/mo ↓ 48%
Owner Costs
$1,729/mo ↑ 91%
189,526
Population
156,309

Tax Comparison

3.5%
Income Tax
4.4%
5.75%
State Sales Tax
2.9%
1.53%
Property Tax
0.51%

Affordability

23.0%
rent-to-income
Affordability
24.4%
rent-to-income

Detailed Comparison

When comparing Akron, OH and Lakewood, CO, the overall cost of living indices are 55 and 141 respectively (national median = 100). Rent is $816/month cheaper in Akron, saving renters about $9,792/year.

Median household income is $37,245/year higher in Lakewood. Home values also differ significantly — the median in Akron is $111,200 compared to $548,200 in Lakewood.

Ohio has a lower income tax rate, making Akron slightly more tax-friendly.

Frequently Asked Questions

Akron vs Lakewood — common questions

Is Akron or Lakewood cheaper to live in?
Based on our cost index, Akron is cheaper to live in with an index of 55 compared to 141 (US average = 100).
What is the rent difference between Akron and Lakewood?
Median rent in Akron is $930/month and in Lakewood it's $1,746/month — a difference of $816/month.
Which city has higher income, Akron or Lakewood?
Median household income is $48,544 in Akron and $85,789 in Lakewood. Median household income is $37,245/year higher in Lakewood.
How do taxes compare between Ohio and Colorado?
Ohio has 3.5% income tax, 5.75% sales tax, and 1.53% property tax. Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax.
Should I move to Akron or Lakewood?
It depends on your priorities. Akron has a cost index of 55 with median rent of $930/mo, while Lakewood has a cost index of 141 with rent of $1,746/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Akron details → View Lakewood details →

More Comparisons

Other cost of living comparisons for Akron and Lakewood

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