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Solon Mills, IL is a small town located in Lake County. It is known for its low cost of living compared to the national average. Rent for a two bedroom apartment costs around $1,430 which is significantly lower than the US average. Grocery Cost Index in Solon Mills is also much lower than the national average. The local economy is mainly based on agriculture and manufacturing businesses such as Wayne's Produce and General Steel. Other local companies include J-N-S Auto Repair, Solon Mills Carpet Cleaning, and A-One Renovations.