Solvay, NY
Population 6,590 · New York
About Solvay, NY
Solvay is a small town located in New York with a population of 6,590 residents according to the latest US Census Bureau American Community Survey data. The median household income is $58,944 per year, which is 22% below 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 Solvay features a median home value of $140,600, which is 43% below the national median of $244,900. This makes Solvay one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $875, 25% below the national average of $1,163/month. Of the 3,316 total housing units, 49% are owner-occupied (1,479 units) and 51% are renter-occupied (1,536 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Solvay shows an unemployment rate of 5.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 10.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Solvay have an average one-way commute time of 21.9 minutes.
Education & Demographics
26.7% of Solvay 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 0.4% White, 1.0% Hispanic or Latino, 5.3% Black or African American, and 1.2% Asian residents, with 17.9% of the population being foreign-born.
Cost of Living in Solvay, NY
Compared to national averages, Solvay has a median household income of $58,944 (22% below the national median of $75,149). Home values average $140,600, which is 43% below the national median. Monthly rent at $875 is 25% below the US average of $1,163. Within New York, Solvay's income is 39% below the state average of $96,987, and home values are 64% below the state median of $387,181.
Why Live in Solvay, NY?
Solvay offers affordable housing with a median home value of $140,600, below the US average of $244,900, and rent that’s lower than the national average at $875/month, and a low poverty rate of 10.3%, better than the national average. Additionally, the city features short commute times averaging just 21.9 minutes.
Potential considerations include median household income ($58,944) that falls below the national average. However, Solvay’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Solvay has a population of 6,590 with a median age of 39.4 years. Compare Solvay with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Solvay
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Southold | 6,600 | $114,743 | $762,900 | Compare |
| East Greenbush | 6,562 | $115,189 | $288,400 | Compare |
| Warwick | 6,625 | $81,250 | $405,700 | Compare |
| West Point | 6,549 | $139,700 | $0 | Compare |
| Larchmont | 6,542 | $160,526 | $1,384,700 | Compare |
| Irvington | 6,541 | $169,411 | $889,800 | Compare |
| Bronxville | 6,539 | $215,726 | $1,137,700 | Compare |
| North Sea | 6,517 | $155,139 | $1,071,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Solvay With Other Cities
Frequently Asked Questions about Solvay
What is the population of Solvay, NY?
The population of Solvay, NY is 6,590 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Solvay?
The median household income in Solvay, NY is $58,944 per year, which is 22% below the national median of $75,149.
What is the median home value in Solvay?
The median home value in Solvay, NY is $140,600, which is 43% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Solvay?
The median monthly rent in Solvay, NY is $875, which is 25% below the national average of $1,163/month.
What is the unemployment rate in Solvay?
The unemployment rate in Solvay, NY is 5.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Solvay, NY a good place to live?
Solvay offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 6,590 and a median age of 39.4, the city appeals to a broad range of residents.
How educated is Solvay, NY?
26.7% of residents in Solvay aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Solvay?
Key cost-of-living indicators for Solvay, NY: median home value is $140,600 (43% below national), median rent is $875/month, and median household income is $58,944. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Solvay?
The poverty rate in Solvay, NY is 10.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Solvay, NY?
Solvay's population is 0.4% White, 1.0% Hispanic or Latino, 5.3% Black or African American, 1.2% Asian, and 4.1% two or more races. 17.9% of residents are foreign-born.