Solon, North Dakota is a small city with a population of about 600 people in Stark County. The median 2-bedroom rental rate is $860 which is much lower than the national average of $1,430, making it an attractive option for those who are looking for an affordable place to live. It’s cost of living index is 93, which is lower than the US average of 100. This means that grocery prices are slightly more affordable in Solon compared to other parts of the country. Local businesses include a grocery store, hardware store, bank and post office, auto repair shop and several restaurants such as Orv's Pizza and Motto's Cafe & Saloon. Overall, Solon offers its residents a low cost of living with local amenities within reach.
Solon has an unemployment rate of 4.4%. The US average is 6.0%.
Solon has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 15.1%, which is lower than the US average of 33.5%.
Tax Rates for Solon
- The Sales Tax Rate for Solon is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Solon 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 Solon
- The average income of a Solon resident is $25,064 a year. The US average is $28,555 a year.
- The Median household income of a Solon resident is $100,625 a year. The US average is $69,021 a year.