Living in Solway, Minnesota
Cost of living, income, home prices, rent and demographics of Solway · Census data 2020–2024
Solway has 117 residents with a median age of 26. The median household income is $96,250 (8% higher than the Minnesota median), the median home value is $215,000.
Solway is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Solway at a glance
- Population
- 117
- Median age
- 26State: 38.8
- Median household income
- $96,250State: $89,062
- Median home value
- $215,000State: $329,300
- Homeowners
- 92.9%
- Bachelor's degree or higher
- 34.7%
- Average commute
- 16 min
Is Solway a good place to live?
Pros: Median household income 8% higher than the Minnesota median; home values 35% lower than the state median; an average commute of 16 minutes; a poverty rate of 7.7%.
The weather is best in June to September.
Cost of living in Solway
Housing is the biggest part of the cost of living. In Solway the median home value is $215,000, 35% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,363 a month in housing costs.
Solway median household income
The median household income in Solway is $96,250 and the income per person is $33,871. 7.7% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Solway: homes for sale and rent
- Housing units
- 42
- Owner-occupied
- 92.9%
- Renter-occupied
- 7.1%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1974
- Average household size
- 2.79
Solway demographics
- Population
- 117
- Median age
- 26
- Under 18
- 30.8%
- 65 and older
- 12.8%
- Households
- 42
- Foreign-born
- 0%
- Veterans
- 12.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Solway ›
Education in Solway
34.7% of adults 25 and older in Solway have a bachelor's degree or higher (Minnesota: 39.4%), and 4% have a graduate or professional degree.
Jobs and commute in Solway
- Unemployment rate
- 0%State: 4.1%
- Average commute
- 16 minState: 23 min
- Work from home
- 0%
- Drive alone
- 95%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 95.2%
Solway vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Solway | 117 | $96,250 | $215,000 | — |
| Shevlin | 148 | $62,361 | $87,000 | — |
| Wilton | 327 | $70,625 | $162,500 | $1,167 |
| Bemidji | 15,569 | $55,405 | $198,300 | $1,067 |
| Bagley | 1,248 | $44,896 | $138,600 | $750 |
| Clearbrook | 584 | $48,750 | $107,600 | $683 |
| Rice Lake | 244 | $41,136 | $18,800 | $500 |
| Tenstrike | 207 | $58,750 | $281,800 | $845 |
| Gonvick | 221 | $33,750 | $102,100 | $475 |
More for people moving to Solway
Solway ZIP code ›Weather and climate ›Living in Solway: FAQ
What is the median household income in Solway, MN?
The median household income in Solway is $96,250, 8% higher than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Solway?
The median home value in Solway is $215,000, compared with $329,300 in Minnesota.
Is Solway, MN a good place to live?
Pluses: median household income 8% higher than the Minnesota median; home values 35% lower than the state median; an average commute of 16 minutes; a poverty rate of 7.7%.
What is the median age in Solway?
The median age in Solway is 26 years (Minnesota: 38.8).
How long is the commute in Solway?
The average commute to work in Solway is 16 minutes; 0% of workers work from home.
What is the unemployment rate in Solway?
The unemployment rate in Solway is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Solway?
34.7% of adults in Solway have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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