Orlando vs Akron: Cost of Living Comparison

How does the cost of living in Orlando, Florida compare to Akron, Ohio? Below is a side-by-side breakdown of housing costs, income, wages, and taxes using official government data.

Summary: Akron is the more affordable city overall. Housing costs are 234% higher in Orlando compared to Akron, while rent is 70% higher. FL has no state income tax.

MetricOrlando, FLAkron, OHDiff
Housing
Median Home Value$332,700$99,700+233.7%
Median Monthly Rent$1,509$887+70.1%
Income
Median Household Income$66,292$46,596+42.3%
Per Capita Income$40,253$28,390+41.8%
Taxes
State Income Tax RateNone3.5%-100.0%
Combined Sales Tax7.0%7.2%-3.2%
Demographics
Population307,738190,273+61.7%

Source: U.S. Census Bureau ACS 5-Year Estimates (2022), Freddie Mac Primary Mortgage Market Survey. State/local tax rates from Tax Foundation (2024).

Rent vs. Buy Calculator — Orlando

Monthly Mortgage (P&I)
$1,661
Property Tax
$305/mo
Insurance
$97/mo
Total Monthly Cost to Own
$2,063
Renting saves $554/mo
Based on $1,509/mo rent vs $2,063/mo ownership cost. Does not include equity buildup, maintenance, or tax deductions.

Default home price from Census ACS median. Mortgage rate: 6.38% (Freddie Mac PMMS, March 2026). Property tax est. 1.1%, insurance est. 0.35% of home value annually.

Rent vs. Buy Calculator — Akron

Monthly Mortgage (P&I)
$498
Property Tax
$91/mo
Insurance
$29/mo
Total Monthly Cost to Own
$618
Buying saves $269/mo
Based on $887/mo rent vs $618/mo ownership cost. Does not include equity buildup, maintenance, or tax deductions.

Default home price from Census ACS median. Mortgage rate: 6.38% (Freddie Mac PMMS, March 2026). Property tax est. 1.1%, insurance est. 0.35% of home value annually.

Key Takeaways

Methodology

This comparison uses data from the U.S. Census Bureau American Community Survey 5-Year Estimates (2022) for median household income, median home value, median gross rent, per capita income, and population. State and local tax rates are sourced from the Tax Foundation. Mortgage rates are from the Freddie Mac Primary Mortgage Market Survey (updated weekly).

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