Cost of Living in Solomon, AZ

With a cost of living index of 74, Solomon, AZ is one of the most affordable cities in the country. Living here is 26% cheaper than the national average and 15% below the Arizona state average of 89. Solomon is a small community of 478 residents.

Housing costs are the biggest factor in Solomon's cost of living. The median monthly rent is $656 (50% below the US median of $1,319), and the median home value sits at $248,200 (19% below the national median of $304,900). At current prices, the median home costs roughly 3.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Solomon is $76,587, which is 2% higher than the national median of $75,149. Residents spend roughly 10% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.