Cost of Living in Solon, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
141.6
100 = national avg
+41.6 vs national average
Living Wage (1 Adult)
$62,299
per year
Living Wage (Family of 4)
$147,253
per year
Cost Index by Category
Housing148.4
Food135.3
Transportation119.0
Healthcare128.2
Utilities130.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$961
per month
2 Bedroom
$1,141
per month
The overall cost of living index in Solon is 141.6, which is 41.6% above the national average. Housing costs are above the national average at an index of 148.4. A single adult needs to earn approximately $62,299 per year to cover basic expenses.