Akron, Ohio Overview Founded in 1825, Akron, Ohio, also known as the "Rubber Capital of the World" is home to 199,110 ...
Akron, Ohio Overview
Founded in 1825, Akron, Ohio, also known as the "Rubber Capital of the World" is home to 199,110 residents, and a greater metropolitan population of 703,200. The city received it's namesake by having four major tire companies (Goodyear, Firestone, General Tire, and Goodrich) all headquartered in the city. Due to these manufacturers, the city was the fastest growing place in the country during the early twentieth century. Today, Akron has a lively cultural scene including the National Hamburger Festival, several different ethnic festivals celebrating the local cultural diversity and free concerts. Other highly visited attractions are the Akron Zoo and watching the Akron RubberDucks, a minor league baseball team.
The cost of living in Akron is 11.6 percent below the national average and 13.1 percent below the Ohio state average. The cost of goods and services, healthcare, utilities, and housing are all well below national averages, while groceries and transportation remain above the average. Housing is a substantial reason why the city is affordable, as the median home price is only $117,300. The average rental price in Akron is $653 a month.
Akron Job Opportunities
Akron is at the center of the "Polymer Valley" and has a history in the tire industry. This leads to a high demand for Akron, OH jobs in manufacturing. The Goodyear Tire and Rubber Company is one of the largest employers in the city with over 3,000 employees. Other Akron jobs that do not require a college degree include Time Warner Cable which employs 2,400, making it one of the top 10 employers in the city. Those looking for manufacturing jobs in Akron should find an accommodating job near the city.
Outside of manufacturing, there are a plethora of healthcare and education jobs in Akron, OH. The largest employer in the city is Summa Healthcare Systems, which has 10,000 workers in the area. The Akron Children's Hospital is the second largest healthcare facility with 2,681 employees. Education is also a large sector of the economy due to the University of Akron and Akron public schools, which combined employ almost 6,000 education professionals. Those looking to enjoy a larger city should check out Cleveland jobs.
Akron Employment Trends
As of July 2014, the unemployment rate was 5.3 percent, which is 0.9 percent below the national average and 0.4 percent below the state average. The current job growth rate is 0.8 percent, but projected to be 2.6 percent annually over the next 10 years. Forbes ranks Akron as the 112th best city for careers and business and 107th in the cost of doing business.