Solon, OH

Above Avg · 112

Ohio · Population 23,970 · Updated March 2026

$1,460
Median Rent / Month
$135,180
Median Income
$375,700
Median Home Value
$1,681
Owner Costs / Month

Affordability

How far your income goes in Solon

13.0%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Ohio

State-level tax rates that affect your costs

3.5%
Income Tax (Top Rate)
5.75%
Sales Tax
1.53%
Property Tax Rate

Estimated Annual Costs

$17,520
Annual Rent
$4,731
State Income Tax
$5,748
Property Tax (est.)

Cost of Living Overview

Solon is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 112 (where 100 equals the national median), Solon residents can expect to pay median rent of $1,460/month while earning a median household income of $135,180/year.

The median home value in Solon, OH is $375,700, with typical monthly owner costs around $1,681 including mortgage, insurance, and taxes. The median rent-to-income ratio of 13.0% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Ohio has a moderate income tax rate of 3.5%. Combined with a 5.75% sales tax rate and 1.53% effective property tax rate, the overall tax environment is a factor in the total cost of living in Solon.

Frequently Asked Questions

Common questions about living costs in Solon

What is the cost of living in Solon, OH?
The cost of living index in Solon, OH is 112 (US average = 100). Median monthly rent is $1,460, median household income is $135,180/year, and the median home value is $375,700.
Is Solon, OH affordable?
No, Solon is more expensive than the national average with a cost index of 112. The rent-to-income ratio is 13.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Solon, OH?
The median gross rent in Solon, OH is $1,460 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,520.
What is the median household income in Solon?
The median household income in Solon, OH is $135,180 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Ohio?
Ohio has a top income tax rate of 3.5%, a sales tax of 5.75%, and an effective property tax rate of 1.53%.