Solon, OH Cost Of Living
Cost Of Living In Solon, OH Summary
Cost of living in Solon research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Solon is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Ohio, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Solon is 114, with 100 being the average.
The cost of living index in Solon is 1.1x higher than the national average.
Solon ranks as the #274 cheapest in Ohio out of 286.
Solon ranks as the #4,427 cheapest out of 6,412 in the US.
The median home value in Solon is $315,800.
The median income in Solon is $118,418.
Table Of Contents
Solon's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Solon, OH?
According to the most recent data on the cost of living, Solon has an overall cost of living index of 114, which is 1.1x higher than the national index of 100.
Compared to Ohio, Solon has a cost of living index that's 1.3x higher than Ohio's index of 91.
The standard of living in Solon ranks as #274 most affordable out of the 286 places we measured in Ohio. By definition, that implies Solon ranks as the #12 most expensive place in the Buckeye State.
For more reading on life in Solon, check out:
- Living In Solon
- Solon Crime Report
- Search Homes For Sale In Solon, OH
In Ohio
In America
Solon Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in Solon. Here is how it fairs on each of the criteria:
The Services index in Solon is 100.
The Groceries index in Solon is 102.
The Health index in Solon is 111.
The Housing index in Solon is 140.
The Transportation index in Solon is 101.
The Utilities index in Solon is 95.
| Living Expense | Solon | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 114 | 91 | 100 | |
| Services | 100 | 98 | 100 | |
| Groceries | 102 | 101 | 100 | |
| Health | 111 | 95 | 100 | |
| Housing | 140 | 73 | 100 | |
| Transportation | 101 | 98 | 100 | |
| Utilities | 95 | 93 | 100 | |
Solon, OH Housing Cost Breakdown
Housing swings affordability the most between places in Ohio, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Solon is $315,800.
The Median Rent in Solon is $1,227.
The Median Income in Solon is $118,418.
The Home Value To Income in Solon is 2.7x.
The Rent To Monthly Income in Solon is 0.12x.
| Statistic | Solon | Ohio | United States |
|---|---|---|---|
| Median Home Value | $315,800 | $159,900 | $244,900 |
| Median Rent | $1,227 | $870 | $1,163 |
| Median Income | $118,418 | $61,938 | $69,021 |
| Home Value To Income | 2.7x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.12x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Solon, OH Costs By Category
Detailed Solon Services Costs Vs. Ohio
Detailed Solon Groceries Costs Vs. Ohio
Detailed Solon Health Costs Vs. Ohio
Detailed Solon Transportation Costs Vs. Ohio
Detailed Solon Utilities Costs Vs. Ohio
Solon SnackAbility
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Cost Of Living In Cities Around Solon
The cost of living varies in the cities and towns around Solon. Here's a quick look at the cost of living in the most populous nearby places:
Stow, OH has a cost of living index of 99, 0.9x Solon.
Shaker Heights, OH has a cost of living index of 103, 0.9x Solon.
Hudson, OH has a cost of living index of 124, 1.1x Solon.
| City | Population | Cost Of Living | Vs. Solon |
|---|---|---|---|
| Stow, OH | 34,556 | 99 | 0.9x |
| Shaker Heights, OH | 29,197 | 103 | 0.9x |
| Hudson, OH | 23,001 | 124 | 1.1x |
| Broadview Heights, OH | 19,820 | 104 | 0.9x |
| Twinsburg, OH | 19,220 | 103 | 0.9x |
| Bedford, OH | 13,073 | 89 | 0.8x |
| Macedonia, OH | 12,083 | 103 | 0.9x |
| Seven Hills, OH | 11,696 | 101 | 0.9x |
| Bedford Heights, OH | 10,942 | 86 | 0.8x |
| Highland Heights, OH | 8,658 | 110 | 1.0x |
