Solon, Maine is a charming rural town near North Anson with a population of fewer than 1,500 people. The cost of living in Solon is quite affordable with the average two bedroom rent costing $900, which is significantly lower than the US average of $1,430. Prices for grocery items are also quite competitive with a Grocery Cost Index of 104 compared to 100 across the US. Local businesses include Danforth's Hardware Store, which has been open since 1973, as well as Gibson's Store and Solon Variety Store catering to all residents' needs. With its low-cost housing options and pre-existing local stores Solon is an attractive place to live for those looking for an affordable small-town lifestyle.
Solon has an unemployment rate of 5.3%. The US average is 6.0%.
Solon has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.
Tax Rates for Solon
- The Sales Tax Rate for Solon is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Solon is 7.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Solon
- The average income of a Solon resident is $19,892 a year. The US average is $28,555 a year.
- The Median household income of a Solon resident is $48,500 a year. The US average is $69,021 a year.