Solon, Ohio Income Statistics
Solon Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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A+
Solon Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Solon | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $134,847 | $71,509 | $80,455 |
| Median Personal Income | $94,224 | $58,431 | $60,758 |
| Average Yearly Income Growth | 4.1% | 4.4% | 4.8% |
| Six-Figure Earners | 28.3% | 11.1% | 13.9% |
| $200k+ Households | 29.1% | 9.1% | 13.2% |
The median household income in Solon is about 89% higher than in Ohio. Income has been growing slower in Solon (4.1%/yr) than in Ohio (4.4%/yr).
About 28% of adults in Solon earn six figures ($100,000 or more) a year, higher than the Ohio average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Solon, Ohio grew by 34.5% from 2009 to 2024, reaching $134,847 in 2024. That's an average of about 4.1% per year.
Income Inequality and the Gender Pay Gap in Solon
| Metric | Solon | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.511 | 0.532 | 0.552 |
| Male Median Income | $114,854 | $67,200 | $69,667 |
| Female Median Income | $87,994 | $54,076 | $56,850 |
| Gender Pay Gap | 23.4% | 19.5% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Solon, it is 0.511, lower than Ohio's 0.532, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 31% more than women's income in Solon, Ohio. Over a 35-year career, a 31% wage gap accumulates to roughly $940,100 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Solon, Ohio has narrowed from about 41% to 23% in 2024. Over that period the gap was widest at 41% in 2010, and was narrowest at 20% in 2023. In dollar terms, the gap has narrowed by $8,628 since 2009.
Employment
| Metric | Solon | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.5% | 4.8% | 5.2% |
| Working from Home | 23.1% | 13.0% | 15.0% |
| Commute time (minutes) | 23 | 21 | 22 |
Approximately 284 people are unemployed in Solon, Ohio.
The average commute time in Solon is 23 minutes, longer than the 21 minutes in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Solon, Ohio has fallen from 5.9% to 2.5% in 2024. Over that period the rate peaked at 7.1% in 2013 and fell as low as 2.3% in 2018.
Solon, OH Wealth Compared With Nearby Cities
How Solon, OH compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Solon, OH | 22,750 | $134,847 #1/2 | 4.1%/yr #2/2 | 2.5% #1/2 | 0.511 #2/2 |
| Twinsburg, OH | 21,734 | $101,844 | 4.4%/yr | 3.4% | 0.484 |
Conclusion
Considering all these factors, Solon, Ohio has an overall wealth index grade of A+, making it far better than Ohio, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Solon, Ohio.
How Rich Is Solon, Ohio?
Solon has a wealth index grade of A+. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A+ grade means it is one of the most prosperous areas in the country. The median household income is $134,847, about 89% higher than the Ohio average of $71,509.
How fast is household income rising in Solon, Ohio?
Between 2009 and 2024, the median household income in Solon, Ohio rose 35%, from $100,237 to $134,847. Over the same years, income here lagged behind Ohio as a whole: +35% against +51%.
What was the median household income in Solon in 2023?
In 2023, the median household income in Solon, Ohio was $130,192, up 3% from $125,970 in 2022. The Ohio median that year was $69,792.
What was the median household income in Solon in 2020?
In 2020, the median household income in Solon, Ohio was $115,331. By 2024 it had risen 17% to $134,847.
How many people earn six figures in Solon, Ohio?
Yes. 28% of adults in Solon, Ohio earn $100,000 or more a year (about 1 in 4), against 11% (about 1 in 9) in Ohio. 29% of households have a combined income of $200,000 or more, compared with 9% in Ohio.
How strong is the job market in Solon, Ohio?
Unemployment in Solon, Ohio is only 2.5%, well below the Ohio rate of 4.8%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Solon, Ohio?
The Gini coefficient in Solon is 0.511. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Solon, Ohio?
Since 2009, the income gap between men and women in Solon, Ohio has narrowed from about 41% to 23% in 2024. Over that period the gap was widest at 41% in 2010, and was narrowest at 20% in 2023. In dollar terms, the gap has narrowed by $8,628 since 2009.
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