Cost of Living in Solon
Solon runs genuinely expensive relative to national norms -- housing carried a real, disclosed spread across sources ($450,000-$507,250), and Solon's own effective property tax rate runs above both the national and Ohio statewide medians.
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Learn moreGenuinely expensive, and disclosed-spread, housing
Redfin's May 2026 median sale price ran $450,000 (up 1.3% YoY), Zillow's average home value ran $465,594 (up 4.5% YoY), and a separately-cited Movoto figure for July 2026 ran considerably higher at $507,250 -- a real, disclosed spread this record does not reconcile to one number.
A property tax rate above both national and Ohio statewide medians
Solon's own effective property tax rate ran 1.92% per Ownwell -- above both the national median (1.02%) and Ohio's own statewide median (1.60%) -- reflecting the elevated property tax burden documented across this project's other Cuyahoga County records.
A 2% city income tax, funding most of Solon's General Fund
Solon's 2% RITA-collected city income tax, layered on Ohio's flat 2.75% state rate, produces an approximate combined marginal rate of 4.75% above the state's $26,050 threshold -- and municipal income tax alone funds approximately 83% of Solon's General Fund, a real, significant reliance on this revenue source.
A genuinely affluent income profile
Solon's median household income ran a genuinely affluent $139,089, well above state and national medians, consistent with the city's real, affluent-suburb identity.
Key takeaways
- Solon's housing carried a real, disclosed spread across sources this pass ($450,000-$507,250 depending on source and time window).
- Solon's effective property tax rate (1.92%) runs above both the national median (1.02%) and Ohio's own statewide median (1.60%).
- A 2% RITA-collected city income tax funds approximately 83% of Solon's General Fund.
- Median household income runs genuinely affluent at $139,089.
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