This section outlines typical cost ranges for general construction projects in Akron during 2024–2025. These figures serve as a guide for contractors and construction managers preparing detailed estimates or directing clients to cost-specific spokes. Actual costs vary by project scope, complexity, and site conditions.
Akron’s construction cost index aligns slightly below the national average, reflecting regional cost factors in Ohio’s construction market. This positioning supports competitive bidding while accounting for local labor, materials, and regulatory influences.
Trade labor in Akron shows steady wage growth. For example, construction and extraction roles averaged around $31 per hour in May 2024, slightly above the national average for similar roles ([bls.gov](https://www.bls.gov/regions/midwest/news-release/occupationalemploymentandwages_akron.htm?utm_source=openai)). Electricians and plumbers typically command higher hourly rates, reflecting their specialized skills ([bls.gov](https://www.bls.gov/oes/2023/may/oes_10420.htm?utm_source=openai)).
Journeyman and subcontractor rates remain influenced by regional labor availability and demand. Skilled labor availability is improving in many areas, though certain trades may still experience tight capacity, contributing to upward pressure on rates ([turnerconstruction.com](https://www.turnerconstruction.com/insights/building-costs-increase-in-the-first-quarter-of-2025?utm_source=openai)).
Equipment rental in the Akron area follows standard daily, weekly, and monthly rate structures. For instance, heavy-duty compressors and high-pressure units are priced on a tiered schedule, with daily, weekly, and four-week rates reflecting usage duration and equipment type ([lepporents.com](https://www.lepporents.com/rentals/northern-rentals?utm_source=openai)). These tiered rates support flexible budgeting for short- and long-term projects.
Akron’s construction market is shaped by broader economic trends. Home prices in the region have risen nearly 10% year-over-year, outpacing national averages and signaling strong demand for residential and mixed-use development ([axios.com](https://www.axios.com/local/cleveland/2024/06/10/homes-prices-mortgage-rates-soaring?utm_source=openai)). Meanwhile, non-residential construction costs are rising nationally, with the Turner Building Cost Index showing a 3.6% year-over-year increase in early 2025 ([turnerconstruction.com](https://www.turnerconstruction.com/insights/building-costs-increase-in-the-first-quarter-of-2025?utm_source=openai)). These dynamics suggest upward pressure on both material and labor costs in Akron.
Commercial real estate in Akron remains stable. Office vacancy rates are moderate, and industrial space is tight, with low vacancy and limited new construction, which may constrain contractor availability and influence pricing ([hoffleigh.com](https://www.hoffleigh.com/akron-q4-2024-market-reports/?utm_source=openai)).
