01 - Taxes
Retirement Tax Treatment
Ohio does not tax Social Security benefits, which helps stretch fixed retirement income further.
Source · Tax Foundation
8
Your
Akron
Retirement Outlook — in 90 seconds
Hosted by Michael McMillan, President of Annuities.net
Every figure mentioned is drawn from the same sourced public data shown below — and the video updates as the data does.
197,375
+
Total Population
$
40,281
Median Income
$
83,500
Median Home
15
%
Age 65+
Retirement Suitability
How
Akron
ranks for retirees?
58
/ 100
A blended, sourced view of how this city ranks for retirees across tax, affordability, healthcare, and climate.
Tax
8
Affordability
97
Healthcare
81
Climate
48
Results
Akron
Suitability Breakdown
02 - Income
Annuity Rates Available Here
Fixed annuity rates reach up to
7
% on 5-year terms, with most landing between
5
% and
5
%.
Source · Cannex
97
03 - Healthcare
Hospital Access & Quality
The area has
4
Medicare-certified hospitals, averaging a
4
/5 CMS quality rating.
Source · CMS Hospital Compare
4
04 - Climate
Weather & Comfort
A
Cold / Snowy
climate — summers peak near
81
°F, winters dip to about
24
°F, with roughly
″ of snow a year.
Source · NOAA Climate Normals
Cold / Snowy
05 - Risk
Natural Disaster Risk
FEMA's overall natural-disaster risk rating for this county on the National Risk Index.
Source · FEMA National Risk Index
Relatively Moderate
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Frequently Asked Questions
Does Ohio tax Social Security income for retirees in Akron?
Ohio does not tax Social Security benefits, which can meaningfully stretch a fixed retirement income in Akron, where the median household income is around $40,281. For retirees depending heavily on Social Security, keeping that income fully intact at the state level is a notable financial consideration worth discussing with a tax professional.
What are hospital and Medicare options like for retirees in Akron?
Akron has 4 Medicare-certified hospitals, and those facilities average 4.0 out of 5 CMS quality stars. That combination of local access and above-average quality ratings suggests retirees have reasonable healthcare infrastructure nearby, though individuals should verify which specific hospitals accept their Medicare plan before making any relocation decisions.
How affordable is housing in Akron for someone on a retirement budget?
The median home value in Akron is $83,500, which is considerably lower than most U.S. metro areas. For retirees managing a fixed income, lower housing costs can free up funds for healthcare, travel, or savings. That said, individual neighborhoods vary, so local research is always worthwhile before making any housing decisions.
What is the natural disaster risk like in the Akron area?
FEMA rates the county containing Akron as having a Relatively Moderate overall natural-disaster risk on its National Risk Index. This places the area in a middle tier — not among the highest-risk regions in the country, but not risk-free either. Retirees should factor local hazard exposure into insurance and emergency planning conversations.
Can a fixed annuity help Akron retirees create guaranteed income?
With a median household income of $40,281, Akron retirees often rely heavily on predictable income to cover essentials. Ohio already exempts Social Security from state tax, which helps, but a fixed annuity can add another layer of certainty by locking in a guaranteed interest rate for a set term. That predictability makes it easier to budget for utilities, healthcare, and other fixed costs without worrying about market swings. Current rates change often, so check our current annuity rates page for today’s figures.