Is $40K a Good Salary in Akron, OH?
Full budget breakdown for Akron on $40K/year — take-home after taxes, rent burden, what you can afford, and how it compares to the city median.
Monthly budget in Akron on $40K
US average equivalent
$48,000
Your $40K in Akron (COL: 84) buys the same as $48,000/yr in a city with average US cost of living.
vs Akron median
-20%
The median household income in Akron is $50,000/yr. You're earning 20% below that.
Cities where $40K goes further
These cities have a lower rent burden at $40K than Akron.
Other salary levels in Akron
Frequently asked questions
Is $40K a good salary in Akron?
$40K/year in Akron gives you approximately $2,612/month in take-home pay after federal and state taxes. With a median 1BR rent of $1,200/month, your rent burden is 46% of take-home — which is considered difficult. Akron is one of the more affordable cities for this salary, ranking #47 out of 179 cities.
How much is $40K after taxes in Akron?
On $40K/year in Akron (OH), you take home approximately $2,612/month after federal income tax, 3.5% OH state income tax, and FICA. That is roughly $31,344/year net.
What is the cost of living in Akron on $40K?
Monthly estimated costs in Akron: rent $1,200, groceries ~$365, transportation ~$62, utilities ~$162, internet ~$58. Total estimated expenses: ~$1,847/month, leaving ~$765/month after essentials on a $40K salary.
Tax estimates use 2026 brackets · Rent data: Zillow Observed Rent Index · Budget figures are estimates for general guidance only