Cost of Living: Minneapolis, MN vs Akron, OH (2026)

Minneapolis

Minnesota
102
VS

Akron

Ohio
55

Minneapolis is 85% more expensive than Akron.

$1,329/mo ↑ 43%
Median Rent
$930/mo ↓ 30%
$80,269/yr ↑ 65%
Median Income
$48,544/yr ↓ 40%
$345,600 ↑ 211%
Home Value
$111,200 ↓ 68%
$1,513/mo ↑ 67%
Owner Costs
$904/mo ↓ 40%
426,845
Population
189,526

Tax Comparison

9.85%
Income Tax
3.5%
6.875%
State Sales Tax
5.75%
1.11%
Property Tax
1.53%

Affordability

19.9%
rent-to-income
Affordability
23.0%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Akron, OH, the overall cost of living indices are 102 and 55 respectively (national median = 100). Rent is $399/month cheaper in Akron, saving renters about $4,788/year.

Median household income is $31,725/year higher in Minneapolis. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $111,200 in Akron.

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

Frequently Asked Questions

Minneapolis vs Akron — common questions

Is Minneapolis or Akron cheaper to live in?
Based on our cost index, Akron is cheaper to live in with an index of 55 compared to 102 (US average = 100).
What is the rent difference between Minneapolis and Akron?
Median rent in Minneapolis is $1,329/month and in Akron it's $930/month — a difference of $399/month.
Which city has higher income, Minneapolis or Akron?
Median household income is $80,269 in Minneapolis and $48,544 in Akron. Median household income is $31,725/year higher in Minneapolis.
How do taxes compare between Minnesota and Ohio?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Ohio has 3.5% income tax, 5.75% sales tax, and 1.53% property tax.
Should I move to Minneapolis or Akron?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Akron has a cost index of 55 with rent of $930/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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