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Solway, Minnesota

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
117
Population
$96,250
Median Income
$215,000
Home Value
26.0
Median Age

Demographics

Solway has a population of 117 with a median age of 26.0. Here is the racial and ethnic breakdown of the population:

White
57.3%
Other
42.7%
Demographic Value
Total Population117
Median Age26.0
White57.3%
Other / Two or More Races42.7%
Solway, Minnesota — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 57.3%Other: 42.7%117PopulationWhiteWhite57.3%OtherOther42.7%

Income & Economy

The median household income in Solway is $96,250, which is 19.4% above the national median of $80,610. The per capita income is $33,871. The poverty rate is 7.7%.

$96,250
Median Household Income
$33,871
Per Capita Income
7.7%
Poverty Rate

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Education

In Solway, 96.0% of residents age 25+ have a high school diploma or higher, and 34.7% hold a bachelor's degree or higher (4.0% with a graduate or professional degree).

HS Diploma+
96.0%
Bachelor's+
34.7%
Graduate+
4.0%
Education Level % of Adults (25+)
High School Diploma or Higher96.0%
Bachelor's Degree or Higher34.7%
Graduate or Professional Degree4.0%

Housing

The median home value in Solway is $215,000, below the national median of $303,400. The homeownership rate is 92.9%.

$215,000
Median Home Value
92.9%
Homeownership Rate
Housing Metric Value
Median Home Value$215,000
Homeownership Rate92.9%

Salaries in Minnesota

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Other Cities in Minnesota

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Frequently Asked Questions

What is the population of Solway, Minnesota?
The population of Solway, Minnesota is 117 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Solway, Minnesota?
The median household income in Solway, Minnesota is $96,250. This is 19.4% above the national median of $80,610.
What is the median home value in Solway, Minnesota?
The median home value in Solway, Minnesota is $215,000.
What percentage of people in Solway have a college degree?
In Solway, Minnesota, 34.7% of adults age 25 and older hold a bachelor's degree or higher, and 96.0% have a high school diploma or higher.
Is Solway, Minnesota an affordable place to live?
The home price-to-income ratio in Solway, Minnesota is 2.2x (median home value $215,000 vs. median income $96,250), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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