Solon, IA
Population 3,092 · Iowa
About Solon, IA
Solon is a small town located in Iowa with a population of 3,092 residents according to the latest US Census Bureau American Community Survey data. The median household income is $111,597 per year, which is 49% above the national median of $75,149. The median age of 39.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Solon features a median home value of $305,300, which is 25% above the national median of $244,900. This positions Solon in a moderately priced market relative to the rest of the country. Median monthly rent is $1,166, 0% above the national average of $1,163/month. Of the 1,102 total housing units, 80% are owner-occupied (872 units) and 20% are renter-occupied (212 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Solon shows an unemployment rate of 1.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 1.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Solon have an average one-way commute time of 21.1 minutes.
Education & Demographics
41.3% of Solon residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.9% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.1% Asian residents, with 0.1% of the population being foreign-born.
How Solon Ranks in Iowa
Cost of Living in Solon, IA
Compared to national averages, Solon has a median household income of $111,597 (49% above the national median of $75,149). Home values average $305,300, which is 25% above the national median. Monthly rent at $1,166 is 0% above the US average of $1,163. Within Iowa, Solon's income is 64% above the state average of $67,947, and home values are 131% above the state median of $132,237.
Why Live in Solon, IA?
Solon offers a strong local economy with a median household income of $111,597, well above the national average, and a strong job market with an unemployment rate of just 1.3%, and a well-educated community where 41.3% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 1.8%, better than the national average, and short commute times averaging just 21.1 minutes.
Solon has a population of 3,092 with a median age of 39.4 years. Compare Solon with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Solon
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Tama | 3,079 | $61,944 | $101,200 | Compare |
| Tipton | 3,111 | $67,625 | $146,000 | Compare |
| Garner | 3,062 | $68,964 | $162,100 | Compare |
| West Burlington | 3,184 | $48,289 | $126,700 | Compare |
| Wilton | 2,943 | $71,898 | $162,000 | Compare |
| Milford | 3,315 | $60,571 | $211,000 | Compare |
| Fairfax | 2,865 | $120,552 | $278,800 | Compare |
| Onawa | 2,862 | $54,659 | $125,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Solon With Other Cities
Frequently Asked Questions about Solon
What is the population of Solon, IA?
The population of Solon, IA is 3,092 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Iowa.
What is the median household income in Solon?
The median household income in Solon, IA is $111,597 per year, which is 49% above the national median of $75,149.
What is the median home value in Solon?
The median home value in Solon, IA is $305,300, which is 25% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Solon?
The median monthly rent in Solon, IA is $1,166, which is 0% above the national average of $1,163/month.
What is the unemployment rate in Solon?
The unemployment rate in Solon, IA is 1.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Solon, IA a good place to live?
Solon offers above-average incomes, a competitive housing market, and a strong job market. With a population of 3,092 and a median age of 39.4, the city appeals to a broad range of residents.
How educated is Solon, IA?
41.3% of residents in Solon aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Solon?
Key cost-of-living indicators for Solon, IA: median home value is $305,300 (25% above national), median rent is $1,166/month, and median household income is $111,597. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Solon?
The poverty rate in Solon, IA is 1.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Solon, IA?
Solon's population is 0.9% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.1% Asian, and 0.3% two or more races. 0.1% of residents are foreign-born.