Akron, OH vs Lorain, OH

Akron, OH and Lorain, OH have a very similar cost of living, with only a 2.6% difference in their overall index. Akron scores 70 while Lorain scores 68 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Akron is $930/month compared to $839/month in Lorain — a 11% difference. Interestingly, home values tell a different story: while Lorain has cheaper rent, Akron actually has lower median home values ($111,200 vs $123,500).

Median household income in Akron is $48,544 compared to $45,799 in Lorain (+6%). While Akron 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 23% of their income on rent, more than the 22% in Lorain.

Climate-wise, both cities share similar average temperatures (52.3°F vs 50.2°F). Lorain receives more rainfall at 36.7" per year compared to 32.5" in Akron.