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Cost of Living Comparison 2026

Data: HUD rent estimates, BLS cost of living

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You'd save $1.8K/month moving to Akron, OH

$150.0K in your current city equals $127.9K in Akron, OH

Rent data from HUD ZIP-level estimates · COL index from Chicago-Naperville-Elgin, IL-IN-WI area
Overall Cost
24.6%
Less expensive
Monthly Impact
$1,842
Savings
Annual Impact
$22.1K
Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Chicago, IL

Population:2746K
Cost Index:
100
100 = national average
Median Home:$305K

Akron, OH

Population:189K
Cost Index:
75
(25% below avg)
Median Home:$113K

Chicago, IL

The Prairie State

2.7M
Population
State Tax
Yes
Climate
Continental

Notable Facts

  • Major transportation hub
  • Architectural landmark city
  • Great Lakes location

Major Industries

FinanceTechnologyManufacturingTransportation

Akron, OH

The Buckeye State

189K
Population
State Tax
Yes

Located in Ohio, this city has a population of 189K residents.

Cost Breakdown by Category

Annual spending: Chicago, IL vs Akron, OH

Housing
51.5%
Chicago, IL
$3,066
Akron, OH
$1,489
Difference
$1,578
less
Transportation
19.1%
Chicago, IL
$1,680
Akron, OH
$1,359
Difference
$322
less
Other
11.9%
Chicago, IL
$1,758
Akron, OH
$1,548
Difference
$209
less
Healthcare
11.7%
Chicago, IL
$595
Akron, OH
$525
Difference
$69.58
less
Groceries
6.1%
Chicago, IL
$1,029
Akron, OH
$967
Difference
$62.58
less
All Utilities
10.8%
Chicago, IL
$519
Akron, OH
$463
Difference
$55.90
less

🏛️ Local Income Taxes

Akron, OH: Akron Municipal Income Tax$3,750/yr (2.5%)

Chicago, IL has no local income tax.

Local taxes are in addition to state income tax. Not all cities levy local income taxes.

🏠Rent Comparison

Studio
From$1,600
To$702
$898
1 Bed
From$1,710
To$769
$941
2 Bed
From$1,925
To$989
$936
3 Bed
From$2,480
To$1,209
$1,271
Chicago, ILZIP-level data

1BR range: $1,140$2,370/mo

Akron, OHZIP-level data

1BR range: $770$1,040/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$8,648
Monthly in Chicago, IL
$6,351
Monthly in Akron, OH
$2,297
Difference

Home Values

Chicago
Akron
$305K
Median Value
$113K
↑ +1.8%
YoY Change
↑ +1.8%
↑ +10.2%
5-Year Change
↑ +38.9%
$116K - $611K
Price Range
$73K - $245K

Homes in Akron are 63% less expensive than Chicago

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
$3.0K
Per year
Monthly Difference
$250
More take-home
Effective Rate Diff
2.0%
Rate difference

Chicago, IL

Federal Income Tax
Effective: 18.9%
$25.5K
Illinois State Tax
Effective: 5.0%
$7.4K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 29.6%
$44.4K
Take-Home Pay
$8,797/month
$105.6K

Akron, OH

Federal Income Tax
Effective: 18.9%
$25.5K
Ohio State Tax
Effective: 3.0%
$4.4K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 27.6%
$41.4K
Take-Home Pay
$9,047/month
$108.6K

Additional Tax Information

Chicago, IL Tax Rates

Sales Tax:8.8%
Property Tax:2.2%

Akron, OH Tax Rates

Sales Tax:7.2%
Property Tax:1.6%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

Chicago
Akron
54 Moderate
Air Quality
54 Moderate
35.8%
Good Air Days
37.2%
100 Very High
Climate Risk
98 High
🌊🌡🫨
Top Hazards
🌊🌡🌪
+3.2°F
2050 Outlook
+3.3°F
18 days
Heat Days >95°F
11 days
+3.2°F
2050 Outlook
+3.3°F
18 days
Heat Days >95°F
11 days

What to Consider When Moving from Chicago, IL to Akron, OH

Relocating from Chicago, IL to Akron, OH involves more than just comparing rent prices. While the overall cost of living is about 25% lower in Akron, OH, your actual experience will depend on your lifestyle, job situation, and priorities. Here are the key factors to weigh before making the move.

Housing & Rent

Housing is typically the largest line item in any budget, and it’s where the biggest differences show up between cities. In this comparison, housing in Akron, OH is 51% cheaper than in Chicago, IL. Keep in mind that neighborhood choice within a city can swing rent by 30–50%, so research specific areas — not just city averages — before signing a lease. If you’re buying, factor in property tax rates, which vary significantly by county and state.

Job Market & Salary Adjustments

A lower cost of living doesn’t help if your salary drops proportionally. Before committing to a move, research whether employers in Akron, OH pay comparable wages for your role. Remote workers may keep their current salary, but some companies adjust pay based on location. Use the salary calculator above to see what you’d need to earn in Akron, OH to match your current standard of living in Chicago, IL.

Taxes & Take-Home Pay

State income tax, property tax, and sales tax all affect how far your paycheck stretches. Some states have no income tax but make up for it with higher property or sales taxes. The tax comparison section above breaks down how your take-home pay would change. Don’t forget about vehicle registration fees, tolls, and other state-specific costs that add up over a year.

Quality of Life & Lifestyle Fit

Numbers only tell part of the story. Consider climate preferences, commute times, proximity to family, school quality if you have children, healthcare access, and the general “feel” of a city. A place that’s 15% cheaper might not be worth it if it means a longer commute or fewer amenities you value. If possible, visit Akron, OH for a week before making a final decision — experiencing the day-to-day rhythm matters more than any spreadsheet.

Frequently Asked Questions: Chicago, IL vs Akron, OH

Is Akron, OH cheaper than Chicago, IL?

Yes, Akron, OH is about 24.6% cheaper than Chicago, IL. You could save approximately $1,842/month on a $150,000 salary. Housing costs are 51% lower in Akron, OH.

What salary do I need in Akron, OH to match my lifestyle in Chicago, IL?

If you currently earn $150,000 in Chicago, IL, you would need approximately $127,901 in Akron, OH to maintain the same standard of living. This accounts for differences in housing, groceries, transportation, utilities, healthcare, and other typical expenses. Use the salary input above to adjust this based on your actual income.

How does rent compare between Chicago, IL and Akron, OH?

A two-bedroom apartment averages $1,925/month in Chicago, IL compared to $989/month in Akron, OH. One-bedroom apartments are $1,710/month in Chicago, IL vs $769/month in Akron, OH. These are area-wide medians — specific neighborhoods can vary significantly. Check the ZIP-level rent breakdown above for more granular data.

Are groceries more expensive in Chicago, IL or Akron, OH?

Groceries are about 6% cheaper in Akron, OH than in Chicago, IL, saving a typical household roughly $62.58/month on food.

What is the best time to move from Chicago, IL to Akron, OH?

Most people find that moving during the off-season (October through March) results in lower moving costs, since demand for movers and rental trucks drops. If you're renting, you may also find more negotiable lease terms during winter months. However, if you have school-age children, summer moves allow for a smoother school transition. For the best combination of availability and price, consider moving in early fall or late spring.

💰 See how taxes change too — compare take-home pay between Illinois and Ohio on TaxTakeHome.com

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