Solon cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexSolonIowaNational
Cost of living index9788100
IndexSolonIowaNational
Goods & Services index9393100
Groceries index9495100
Health care index10296100
Housing index10173100
Transportation index9297100
Utilities index10799100

Did you know?

  • The cost of living in Solon is 10% higher than the Iowa average.
  • The cost of living in Solon is 3% lower than the national average.
  • The cost of housing in Solon is 1% higher than the national average.
  • Iowa general sales tax is 18% higher than the national average.
  • Iowa state income tax is 84% lower than the national average.

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$76,630$6,386$1,788$2,299
Renters$45,000$3,750$1,050$1,350

Iowa Sales Tax

StateGeneral Sales TaxWith Max Surtax
Iowa6%7%

Iowa Income Tax

StateIncome Tax (Low)Income Tax (High)
Iowa0.36%8.98%

Goods & Services

ItemSolonNational avg.Difference
Haircut $11.50$14.5921.2%
Beauty Salon $38.75$34.6811.7%
Toothpaste $2.48$2.470.3%
Shampoo $1.16$1.0213.5%
Movie $9.88$9.870.1%
Bowling $3.75$4.3914.6%

Groceries

ItemSolonNational avg.Difference
Ground Beef $4.64$4.483.6%
Fried Chicken $1.53$1.464.5%
Milk $2.42$2.362.7%
Potatoes $2.91$3.064.9%
Pizza $8.00$9.2413.4%
Beer $7.75$8.6310.2%

Health Care

ItemSolonNational avg.Difference
Optometrist $130.25$99.7830.5%
Doctor $128.75$105.0322.6%
Dentist $76.75$88.7013.5%
Ibuprofen $7.98$9.4115.2%
Lipitor $302.31$298.501.3%

Housing

ItemSolonNational avg.Difference
Home Price $190,600.00$175,700.008.5%
Avg. Mortgage Payment $934.42$1,081.0313.6%
Apartment Rent $765.00$920.0016.8%

Transportation

ItemSolonNational avg.Difference
Gasoline $1.90$2.099.2%
Tire Balancing $42.65$45.295.8%

Utilities

ItemSolonNational avg.Difference
All Electricity$183.67$170.807.5%
Phone $29.99$28.266.1%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Morley, IA15578-22%
Mechanicsville, IA1,06384-16%
Martelle, IA24285-15%
Cedar Rapids, IA128,00990-10%
West Branch, IA2,68490-10%
Solon, IA2,46097-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Indian Hills, TX2,46066-34%
Loris, SC2,45994-6%
Port Ludlow, WA2,46113131%
Lakemont, PA2,46191-9%
Hartley, CA2,45814444%
Solon, IA2,46097-3%
Source: The Solon, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.