Solon, OH is a great place to live and work in. It offers excellent amenities and opportunities for both its residents and visitors alike. The cost of living in Solon is quite affordable, with the average 2 bedroom rent being just $1,460 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Solon is 104 versus 100 in the US, indicating that groceries are slightly more expensive than the national average. This city also has many local businesses such as Geauga Savings Bank, United Way of Greater Cleveland, Third Federal Savings & Loan Association and many more where locals can find employment or financial assistance. All-in-all Solon is a great place to call home, thanks to its affordability and array of local businesses.
Solon has an unemployment rate of 5.5%. The US average is 6.0%.
Solon has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 23.4%, which is lower than the US average of 33.5%.
Tax Rates for Solon
- The Sales Tax Rate for Solon is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Solon is 5.5%. 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 $46,901 a year. The US average is $28,555 a year.
- The Median household income of a Solon resident is $118,418 a year. The US average is $69,021 a year.