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.
Cost of living index11591100
Goods & Services index10596100
Groceries index10799100
Health care index11496100
Housing index14275100
Transportation index9795100
Utilities index100101100
An overview of the general cost of living index for Solon, OH is displayed above for your reference. Residents in Solon, OH enjoy a cost of living index of 115. This index is 27% higher than the Ohio average, and 15% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Solon, OH, the average cost of goods and services is 9% higher than it is in Ohio, and it is 5% higher than the national average.

Did you know?

  • The cost of living in Solon is 27% higher than the Ohio average.
  • The cost of living in Solon is 15% higher than the national average.
  • The cost of housing in Solon is 42% higher than the national average.
  • Ohio general sales tax is 13% higher than the national average.
  • Ohio state income tax is 76% lower than the national average.

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Compare Solon, OH Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Solon, OH to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Solon, OH, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Solon, OH salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Solon, OH, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Solon, OH homeowners have a median income of $105,793. Using that number, you will come up with a maximum of $2,468 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $48,018, which means there is a maximum of $1,120 to be spent on the costs of renting a home or apartment.

Ohio Sales Tax

StateGeneral Sales TaxWith Max Surtax

Ohio Income Tax

StateIncome Tax (Low)Income Tax (High)
The Ohio sales tax and Ohio income tax rates should definitely be considered when determining the overall cost of living in Solon, OH. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Ohio sales tax is 5.75% and the maximum surtax is 8%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Ohio income tax rates range from 0.528% to 5.333%.

Goods & Services

ItemSolonNational avg.Difference
Haircut $17.45$14.5919.6%
Beauty Salon $41.75$34.6820.4%
Toothpaste $2.64$2.476.7%
Shampoo $1.03$1.020.8%
Movie $10.15$9.872.9%
Bowling $4.29$4.392.3%


ItemSolonNational avg.Difference
Ground Beef $4.86$4.488.6%
Fried Chicken $1.54$1.465.2%
Milk $2.69$2.3614.1%
Potatoes $2.79$3.068.9%
Pizza $11.00$9.2419.0%
Beer $7.99$8.637.4%

Health Care

ItemSolonNational avg.Difference
Optometrist $84.74$99.7815.1%
Doctor $115.50$105.0310.0%
Dentist $115.00$88.7029.6%
Ibuprofen $11.07$9.4117.6%
Lipitor $302.96$298.501.5%


ItemSolonNational avg.Difference
Home Price $266,900.00$175,700.0051.9%
Avg. Mortgage Payment $1,001.84$1,081.037.3%
Apartment Rent $1,086.00$920.0018.0%


ItemSolonNational avg.Difference
Gasoline $1.99$2.094.9%
Tire Balancing $45.52$45.290.5%


ItemSolonNational avg.Difference
All Electricity$165.58$170.803.1%
Phone $29.58$28.264.7%
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.
East Cleveland, OH17,61986-14%
Highland Hills, OH99987-13%
Cleveland, OH392,11488-12%
Newburgh Heights, OH2,00089-11%
Twinsburg Heights, OH93985-15%
Solon, OH23,17711515%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Machesney Park, IL23,18090-10%
Belton, MO23,19792-8%
Bainbridge Island, WA23,20615555%
Arnold, MD23,13113131%
East Peoria, IL23,22590-10%
Solon, OH23,17711515%
Source: The Solon, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.