Solen, ND is a small town located in the Midwest with a population of just over 300 people. It is a friendly community with affordable living costs, making it attractive to many prospective residents. The average monthly rent for a two-bedroom apartment in Solen is $1,060, while the US average is $1,430. In addition, the grocery cost index in Solen is 94 compared to 100 in the US on average. This makes the cost of living quite affordable.
The town offers a number of local businesses for its citizens including Grocery Junction and Ace Hardware & Lumber Co., both of which offer competitive prices on groceries and home improvement products respectively. Additionally, there are other smaller businesses like Family Jewels Jewelry Store and Cafe NiteLife that provide unique services to the community. All are committed to providing quality products and services to locals and visitors alike.
Solen has an unemployment rate of 3.2%. The US average is 6.0%.
Solen has seen the job market decrease by -2.7% over the last year. Future job growth over the next ten years is predicted to be 26.1%, which is lower than the US average of 33.5%.
Tax Rates for Solen
- The Sales Tax Rate for Solen is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Solen is 2.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Solen
- The average income of a Solen resident is $18,708 a year. The US average is $28,555 a year.
- The Median household income of a Solen resident is $25,750 a year. The US average is $69,021 a year.