Solon Mills, IL Profile: Facts & Data

The primary coordinate point for Solon Mills is located at latitude 42.4422 and longitude -88.2734 in McHenry County. McHenry County is in the Central time zone (GMT -6).

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Solon Mills, IL Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	130 (100%)
Population in Households	130 (100.0%)
Population in Families	97 (74.6%)
Population in Group Quarters¹	0
Population Density	667
Diversity Index²	27


INCOME
Median Household Income	$73,356
Average Household Income	$136,426
% of Income for Mortgage⁴	0%
Per Capita Income	$51,422
Wealth Index⁵	123
Socioeconomic Status Index⁶	Moderate (63.2)

HOUSING
Total HU (Housing Units)	51 (100%)
Owner Occupied HU	31 (60.8%)
Renter Occupied HU	18 (35.3%)
Vacant Housing Units	2 ( 3.9%)
Median Home Value	$386,364
Average Home Value	$425,806
Housing Affordability Index³	0

HOUSEHOLDS
Total Households	49
Average Household Size	2.65
Family Households	20
Average Family Size	5.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Solon Mills, IL - Peer Comparisons by Rank and Percentile

The table below compares Solon Mills to the other 1,462 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.54%	-0.94%
Households	0.00%	-0.83%
Families		6.19%
Median Household Income		3.77%
Per Capita Income		5.09%
Owner Occupied HU		0.64%

Variable Description	Rank	Percentile
Total Population	# 1295	11th
Population Density	# 944	35th
Median Household Income	# 728	50th
Housing Affordability Index	# 26	2nd
Per Capita Income	# 226	85th
Diversity Index	# 572	61st

Solon Mills, IL Profile: Facts & Data

Solon Mills, Illinois - Basic Facts

Solon Mills, IL Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Solon Mills, IL - Peer Comparisons by Rank and Percentile

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