Cost of Living in Solon, IA
Population 3,092 · Iowa · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Solon a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $305,000. The labor market has been unusually tight, with unemployment around 1.3% — below most comparable cities in the state.
Geographically, Solon sits roughly 14 miles southeast of Cedar Rapids. Median home values run roughly 72% higher than Cedar Rapids' $177,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Solon
The median home value in Solon is $305,300 — equal to the national median of $305,000. Median rent runs $1,166/month, 11% lower than the national median of $1,314/month. The median household income of $111,597/year is 50% higher than the US median of $74,580. The local unemployment rate is 1.3%, below the national average of 4.8%. Iowa's top state income tax rate is 5.7% and the combined sales tax is 6.9%. Overall, Solon has a cost of living index of 96 versus the US average of 100, meaning it is 4% less expensive.
Solon has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Solon, IA?
Solon has a cost index of 96 (100 = national average). It is 4% below the national average.
What is average rent in Solon, IA?
The median gross rent in Solon is $1,166 per month based on 2023 Census data.
What is the average home price in Solon?
The median home value in Solon is $305,300 according to Zillow and Census data.
What is the median income in Solon?
The median household income in Solon is $111,597 per year (2023 ACS 5-year estimates).
What is the sales tax in Solon, IA?
The combined state and local sales tax rate in Solon is 6.9%. The Iowa state income tax top rate is 5.7%.
Is Solon, IA affordable?
Solon is near the national average in terms of cost of living, with an index of 96 (100 = US average).
Solon at a Glance
- Population
- 3,092
- Median Income
- $111,597
- Home Value
- $305,300
- Median Rent
- $1,166/mo
- Unemployment
- 1.3%
- Sales Tax
- 6.9%
Nearby Cities
Explore county-level cost of living data
Iowa Rankings
Similar Cost Cities
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