Akron vs Colorado Springs

Category-by-Category Breakdown

Index values · National average = 100 · Lower is more affordable

Salary Equivalence

A $75,000 salary in Akron has the same purchasing power as $97,222 in Colorado Springs.

Conversely, $75,000 in Colorado Springs equals $57,857 in Akron.

Living in Akron vs Colorado Springs

Housing Costs

Akron's housing index of 60 is lower Colorado Springs's 115, translating to median home prices of $146,000 vs $380,000. The $234,000 difference in home prices means roughly $15,216 per year in additional mortgage costs at current rates. Renters face a similar gap: $875/mo in Akron compared to $1,500/mo in Colorado Springs, a monthly difference of $625.

Grocery & Food Costs

Grocery expenses index at 106 in Akron and 100 in Colorado Springs. A household spending the national average of $475/month on groceries would pay approximately $504/month in Akron vs $475/month in Colorado Springs. Colorado Springs offers a meaningful advantage on everyday food costs, saving roughly $348/year.

Utility Expenses

Utility costs — electricity, gas, water, internet — index at 80 in Akron and 93 in Colorado Springs. Monthly utility bills average approximately $320 in Akron vs $372 in Colorado Springs. Climate differences between the two cities drive much of this gap, with heating and cooling costs varying substantially by region.

Healthcare

Healthcare costs index at 88 in Akron and 104 in Colorado Springs. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 16-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.

Income & Purchasing Power

Median household income is $48,500 in Akron and $64,712 in Colorado Springs. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $59,877 and $61,630 respectively. Colorado Springs residents come out ahead in real purchasing power.

Relocation Considerations

Under the standard 28% rule, a median-income household can allocate $1,132/month to housing in Akron vs $1,510/month in Colorado Springs. In Akron, median rent of $875/mo fits within this budget. In Colorado Springs, median rent of $1,500/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 55 index points — focus your budget analysis there.

Frequently Asked Questions

Moving & Relocation Resources

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