Akron, CO vs Silverton, CO

There is a significant gap in the cost of living between these two cities. Akron is 18.5% cheaper than Silverton. With a cost index of 83 vs 102, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Akron to Silverton should plan for substantially higher expenses across most categories.

On the housing front, median rent in Akron is $1,070/month compared to $1,076/month in Silverton — a 1% difference. Home values follow the same pattern: Akron is more affordable at $186,500 median vs $414,700.

Median household income in Akron is $59,470 compared to $73,750 in Silverton (-19.4%). While Silverton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Akron spend roughly 21.6% of their income on rent, more than the 17.5% in Silverton.