Akron, MI
Population 312 · Michigan
About Akron, MI
Akron is a small community located in Michigan with a population of 312 residents according to the latest US Census Bureau American Community Survey data. The median household income is $57,500 per year, which is 23% below the national median of $75,149. The median age of 46.8 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Akron features a median home value of $75,500, which is 69% below the national median of $244,900. This makes Akron one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $869, 25% below the national average of $1,163/month. Of the 162 total housing units, 82% are owner-occupied (115 units) and 18% are renter-occupied (25 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Akron shows an unemployment rate of 1.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 14.0%, above the national average of 12.4%. Workers in Akron have an average one-way commute time of 34.1 minutes.
Education & Demographics
5.9% of Akron residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 6.1% White, 4.8% Hispanic or Latino, 0.0% Black or African American, and 1.3% Asian residents, with 0.3% of the population being foreign-born.
How Akron Ranks in Michigan
Cost of Living in Akron, MI
Compared to national averages, Akron has a median household income of $57,500 (23% below the national median of $75,149). Home values average $75,500, which is 69% below the national median. Monthly rent at $869 is 25% below the US average of $1,163. Within Michigan, Akron's income is 13% below the state average of $66,017, and home values are 59% below the state median of $183,391.
Why Live in Akron, MI?
Akron offers affordable housing with a median home value of $75,500, below the US average of $244,900, and rent that’s lower than the national average at $869/month, and a strong job market with an unemployment rate of just 1.2%.
Potential considerations include median household income ($57,500) that falls below the national average. However, Akron’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Akron has a population of 312 with a median age of 46.8 years. Compare Akron with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Akron
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Beal City | 312 | $73,333 | $200,600 | Compare |
| Glen Arbor | 313 | $178,750 | $690,200 | Compare |
| Boyne Falls | 315 | $46,250 | $160,400 | Compare |
| Breedsville | 315 | $76,250 | $210,300 | Compare |
| Big Bay | 307 | $48,672 | $261,400 | Compare |
| Hersey | 317 | $60,000 | $113,500 | Compare |
| Montgomery | 318 | $54,000 | $93,100 | Compare |
| Alba | 304 | $91,458 | $48,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Akron With Other Cities
Frequently Asked Questions about Akron
What is the population of Akron, MI?
The population of Akron, MI is 312 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Michigan.
What is the median household income in Akron?
The median household income in Akron, MI is $57,500 per year, which is 23% below the national median of $75,149.
What is the median home value in Akron?
The median home value in Akron, MI is $75,500, which is 69% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Akron?
The median monthly rent in Akron, MI is $869, which is 25% below the national average of $1,163/month.
What is the unemployment rate in Akron?
The unemployment rate in Akron, MI is 1.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Akron, MI a good place to live?
Akron offers a moderate cost of living, affordable housing, and a strong job market. With a population of 312 and a median age of 46.8, the city appeals to established professionals and retirees.
How educated is Akron, MI?
5.9% of residents in Akron aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Akron?
Key cost-of-living indicators for Akron, MI: median home value is $75,500 (69% below national), median rent is $869/month, and median household income is $57,500. The home-value-to-income ratio is 1.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Akron?
The poverty rate in Akron, MI is 14.0%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Akron, MI?
Akron's population is 6.1% White, 4.8% Hispanic or Latino, 0.0% Black or African American, 1.3% Asian, and 1.0% two or more races. 0.3% of residents are foreign-born.