Akron, IN — income, home value, property tax, and sales tax.
ZIP code 46931, near Akron, sits in working-class to middle-income territory, with a median household income of $46,667 and per-capita income of $26,093. Homes here carry a median value of $85,000, and the county-level effective property tax rate is 0.54%. Combined with a 7.00% sales tax rate, the overall tax load stays fairly contained, since property taxes on an $85,000 home amount to a slim annual sum. That mix of lower home values and moderate earnings places the area below state and national income averages, giving it a distinctly working- and middle-class character rather than an affluent one.
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