Akron, IA vs Hopkinton, IA

Hopkinton is moderately more affordable than Akron, with a 14.9% lower cost of living index. Akron scores 64 compared to 56 for Hopkinton, where the US average is 100. This difference means residents of Akron can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Akron is $700/month compared to $505/month in Hopkinton — a 39% difference. Home values follow the same pattern: Hopkinton is more affordable at $108,900 median vs $145,300.

Median household income in Akron is $59,706 compared to $80,536 in Hopkinton (-25.9%). Hopkinton offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Akron spend roughly 14.1% of their income on rent, more than the 7.5% in Hopkinton.