Akron OH is the fifth largest city in the U.S. state of Ohio and the county seat of Summit County. Current Fortune 500 companies headquartered in the city include the Goodyear Tire and Rubber Company and FirstEnergy. In addition, the city is the headquarters to a number of other notable companies such as A. Schulman, GOJO, Advanced Elastomer Systems, FirstMerit Bank, Roadway Express, Myers Industries, Acme Fresh Market, Sterling Jewellers, and Lockheed Martin, Maritime Systems & Sensors Division. The city has a free Wi-Fi corridor centred in downtown. Polymer Valley is in the north-eastern part of the Ohio, centred in Akron. The area holds forty-five percent of the state's polymer industries. Akron has designated an area called the Biomedical Corridor, aimed at luring health-related ventures to the region. The United States of America (USA) is in North America, bordering both the North Atlantic Ocean and the North Pacific Ocean, between Canada and Mexico. The climate is mostly temperate, but tropical in Hawaii and Florida, arctic in Alaska, semi arid in the great plains west of the Mississippi River, and arid in the Great Basin of the southwest. The official language is English. It is predominant in business circles throughout the US. The US has highly cosmopolitan immigrant communities, particularly in cities who speak many other languages. Spanish is widely spoken in districts of most cities, as well as areas near the Mexican border. The main religion is Christianity. The economy of the United States is a capitalist mixed economy, fuelled by abundant natural resources, a well-developed infrastructure, and high productivity. The U.S. economy is the largest national economy in the world, with an estimated gross domestic product (GDP) equal to a quarter of nominal global GDP and a fifth of global GDP at purchasing power parity. Expatriate business dress is generally formal, comprising jacket and tie for men and suits for women, although this may differ by industry and state. The security risk for expatriates in the United States is low overall, but medium in low-income, inner-city areas. Risks include terrorism, opportunistic street crime (such as pickpocketing, bag-snatching, mugging and vehicle theft), and violent crime in low-income, inner-city areas. Other risks include hurricanes, forest fires, and snowstorms. The currency of United States is the US Dollar (USD). Banking is on a par with the rest of Western Europe and North America. Medical facilities are good, however the cost of treatment for expatriates can be high. Some hospitals may ask non-US residents to pay a deposit or ‘good faith’ payment on admittance. The population of Akron OH is 703,000 (2017 est.), while the inflation rate is 2.2% (Nov 2017).
Cost Of Living
The cost of living for expatriates / professional migrants in In Akron OH, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Akron OH as at 1 January 2018 is average in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Low 2) Clothing: Low 3) Communication: Average 4) Education: High 5) Furniture & Appliances: Very Low 6) Groceries: High 7) Healthcare: Average 8) Household Accommodation: Low 9) Miscellaneous: Low 10) Personal Care: Average 11) Recreation & Culture: Low 12) Restaurants Meals Out and Hotels: Average 13) Transport: High Akron OH is for example 24.4% more expensive than Houston TX for groceries, 9.5% more expensive for household costs than Kuala Lumpur, and 27.1% more expensive for transport costs than Dubai. The hardship premium for Akron OH for an expat from Perth, is for example 0%, i.e. host location (Akron OH) premium of 10% minus home (Perth) location premium of 10%. Akron OH is ranked as a minimal hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Akron OH? Register subscribe to your home location and Akron OH and run your personalised reports.