Akron, OH
AKRON, OHIO: Demographic and Financial Snapshot
(Last updated on 11.27.20)
AGE IN AKRON, OHIO
| Age Range | Population | Percent |
| 20 to 24 years | 14,945 | 7.5% |
| 25 to 29 years | 18,963 | 9.6% |
| 30 to 34 years | 13,337 | 6.7% |
| 35 to 39 years | 12,283 | 6.2% |
| 40 to 44 years | 9,473 | 4.8% |
| 45 to 49 years | 11,836 | 6.0% |
| 50 to 54 years | 12,192 | 6.2% |
| 55 to 59 years | 12,510 | 6.3% |
| 60 to 64 years | 14,738 | 7.4% |
| 65 to 69 years | 10,241 | 5.2% |
| 70 to 74 years | 7,387 | 3.7% |
| 75 to 79 years | 4,990 | 2.5% |
| 80 to 84 years | 2,553 | 1.3% |
| 85+ years | 4,592 | 2.3% |
The median age in Akron is 36.6 years
Source: US Census Data; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Age
ETHNICITY IN AKRON, OHIO
| Ethnicity | Population | Percent |
| White | 120,141 | 60.7% |
| Black or African American | 56,646 | 28.6% |
| American Indian and Alaska Native | 318 | 0.2% |
| Asian | 9,909 | 5.0% |
| Native Hawaiian and Other Pacific Islander | – | 0.0% |
| Other | 2,993 | 1.5% |
Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Race
EDUCATION IN AKRON, OHIO
| Education Level | Population | Percent |
| Less than 9th grade | 6,288 | 4.7% |
| 9th to 12th grade, no diploma | 11,998 | 8.9% |
| High school graduate (includes GED) | 40,937 | 30.3% |
| Some college, no degree | 34,353 | 25.4% |
| Associate’s degree | 10,095 | 7.5% |
| Bachelor’s degree | 20,778 | 15.4% |
| Graduate or professional degree | 10,646 | 7.9% |
| High school graduate or higher | 116,809 | 86.5% |
| Bachelor’s degree or higher | 31,424 | 23.3% |
| Less than Bachelor’s degree | 103,671 | 76.8% |
Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Education (population 25+ years)
HOUSEHOLD INCOME IN AKRON, OHIO
| Annual Household Income | Percent |
| Less than $10,000 | 10.2% |
| $10,000 to $14,999 | 6.3% |
| $15,000 to $24,999 | 15.2% |
| $25,000 to $34,999 | 11.0% |
| $35,000 to $49,999 | 15.2% |
| $50,000 to $74,999 | 18.3% |
| $75,000 to $99,999 | 11.2% |
| $100,000 to $149,999 | 8.5% |
| $150,000 to $199,999 | 2.4% |
| $200,000 or more | 1.7% |
Median household income: $41,164
Mean household income: $54,509
Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Household Income
HOUSEHOLD INCOME BY EDUCATION IN AKRON, OHIO
| Education Level | Average Income |
| Less than high school graduate | $18,444 |
| High school graduate (includes GED) | $26,079 |
| Some college or Associate’s degree | $31,007 |
| Bachelor’s degree | $41,500 |
| Graduate or professional degree | $52,065 |
Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Median earnings in past 12 months by education (population 25+ years with earnings)
MARITAL STATUS IN AKRON, OHIO
| Population | Percent | |
| Population 15+ years | 163,144 | NA |
| Never married | 71,554 | 43.9% |
| Now married (except separated) | 52,243 | 32.0% |
| Separated | 4,168 | 2.6% |
| Widowed | 9,950 | 6.1% |
| Divorced | 25,229 | 15.5% |
Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Marital Status for population 15 years and over
POVERTY STATUS IN AKRON, OHIO
| Population | Percent | |
| Living beneath poverty line | 41,912 | 21.7% |
Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Poverty Rate
HOUSING IN AKRON, OHIO
| Owner-occupied housing units | 42,863 |
| Renter-occupied housing units | 41,898 |
| Single-family detached units | 63,874 |
| Homeownership rate | 50.6% |
| Vacancy rate | 12.3% |
| Renters rate | 49.4% |
| Average housing value | $109,605 |
| Average monthly owner cost (with/mortgage) | $671 |
| Average rent | $599 |
Source: US Census; https://cbb.census.gov/rae/#
Survey/Program: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point: Housing Characteristics
SOCIOECONOMIC CHARACTERISTICS IN AKRON, OHIO
| Average income | $53,027 |
| Average household size | 2.28 |
| Percent population 16 years and over in labor force | 62.5% |
| Percent disabled | 15.6% |
| Percent with health coverage | 91.1% |
| Average travel time to work | 21.7 minutes |
| Percent workers using public transportation | 4.1% |
| Percent veterans | 7.4% |
| Percent foreign born | 6.2% |
| Percent speaking Spanish at home | 0.7% |
Source: US Census; https://cbb.census.gov/rae/#
Survey/Program: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point: Socioeconomic Characteristics
CONSUMER SPENDING IN AKRON, OHIO
| Total consumer expenditures per household | $46,323.04 |
| Alcoholic beverages | $346.08 |
| Alcoholic beverages consumed at home | $203.16 |
| Beer consumed away from home | $63.94 |
| Wine consumed away from home | $28.75 |
| Apparel & services | $1,337.51 |
| Men’s apparel | $255.65 |
| Women’s apparel | $445.80 |
| Children’s apparel | $205.25 |
| Boys’ apparel | $71.42 |
| Girls’ apparel | $77.53 |
| Footwear | $307.40 |
| Dining out (food away from home) | $2,293.20 |
| Dining out – Breakfast | $231.86 |
| Dining out – Lunch | $711.37 |
| Dining out – Dinner | $1,059.48 |
| Education | $947.07 |
| Entertainment / recreation | $2,003.23 |
| Club membership fees | $131.70 |
| Dating services | $0.57 |
| Pet food | $164.71 |
| Pet services | $36.89 |
| Food consumed at home | $3,289.31 |
| Bakery products consumed at home | $433.20 |
| Dairy products consumed at home | $337.45 |
| Fruits and vegetables consumed at home | $628.43 |
| Meat, poultry, fish, eggs consumed at home | $730.17 |
| Nonalcoholic beverages consumed at home | $330.54 |
| Snacks / other food products consumed at home | $1,160.06 |
| Health care | $3,787.05 |
| Medical services | $679.05 |
| Nonprescription drugs | $92.68 |
| Household Services | $1,245.96 |
| Care for the elderly and handicapped | $52.26 |
| Lawn and garden services | $267.00 |
| Housekeeping services | $94.46 |
| PC repair | $4.25 |
| Housing | $14,549.10 |
| Home improvements | $1,479.59 |
| Utilities, fuel, and public services | $3,191.17 |
| Phone services | $1,146.00 |
| Water | $448.79 |
| Life and other insurance | $282.37 |
| Pensions and social security | $4,766.51 |
| Personal care products and services | $554.70 |
| Hair care products | $67.90 |
| Personal care products | $230.57 |
| Local transportation | $5,496.99 |
| Gasoline | $1,431.55 |
| Vehicle maintenance and repair | $741.67 |
| Travel | $1,280.10 |
| Airline fares | $302.70 |
| Auto / truck rental on trips | $15.25 |
| Lodging on trips | $351.66 |
| Food and drink on trips | $310.75 |
| Entertainment on trips | $111.47 |
Source: US Census; https://cbb.census.gov/rae/#
Survey/Program: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point: Consumer Spending (Consumer expenditures per household)
DEBT IN SUMMIT COUNTY (home to AKRON, OHIO)
| % with any debt in collections | 32% |
| Average debt in collections | $1,244 |
| % with medical debt in collections | 19% |
| Average medical debt in collections | $495 |
| % with student loan debt | 21% |
| Average student loan debt | $20,443 |
| Average monthly student loan payment | $176 |
| % with auto debt | 33% |
Source: Urban Institute; https://apps.urban.org/features/debt-interactive-map/
Survey/Program: Data from credit bureau data (2018) + the US Census Bureau’s American Community Survey (2017)
Data Point: Consumer Debt
UNEMPLOYMENT IN AKRON, OHIO
| Year | Population | Percent |
| January 2019 | 5,683 | 6.3% |
| February 2019 | 4,914 | 5.4% |
| March 2019 | 4,706 | 5.2% |
| April 2019 | 3,919 | 4.3% |
| May 2019 | 3,894 | 4.3% |
| June 2019 | 4,723 | 5.2% |
| July 2019 | 4,876 | 5.3% |
| August 2019 | 4,613 | 5.0% |
| September 2019 | 4,215 | 4.6% |
| October 2019 | 4,117 | 4.5% |
| November 2019 | 3,970 | 4.4% |
| December 2019 | 4,036 | 4.5% |
| January 2020 | 5,346 | 5.9% |
| February 2020 | 4,980 | 5.5% |
| March 2020 | 5,521 | 6.1% |
| April 2020 | 16,253 | 18.3% |
| May 2020 | 13,667 | 15.2% |
| June 2020 | 12,892 | 14.0% |
| July 2020 | 10,462 | 11.8% |
Source: US Bureau of Labor Statistics; https://www.bls.gov/lau/data.htm
Survey/Program: Local Area Employment Statistics
Data Point: Unemployment totals (not seasonally adjusted)
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