From 1435, when Solovetsky Monastery was founded, and until 1920, when it was abolished, the islands were the property of the monastery, and the economy was run by the monks. In 1920, the Solovki prison camp was established in the former monastery buildings, and again there was no access to the islands, except for the prisoners and the correction department officers. In 1939, the prison camp was closed due to the imminent war with Finland. The navy cadet corps was deployed in the monastery buildings; one of the notable cadets was the future author Valentin Pikul. In 1965, the islands were transferred to the museum to be open, and for the first time were open for public, which is when the modern settlement was founded.[2] The Solovki Museum was officially established in 1967. The settlement was needed for civil population, mostly engaged in the museum activities. In 1992, the monastery was reopened, and some of the properties were transferred to the monastery, but some still belong to the museum. In the same year, the monastery was included in the World Heritage list.
The settlement is home to almost all of the population of Solovetsky District; in 2010, for example, the population of the district was 861, of which 840 (97.6%) lived in the settlement.[3]
Modern Solovetsky is essentially an adjunct of the Solovetsky Monastery. The economy of the settlement heavily depends on the tourism.
Solovetsky is served by the Solovki Airport, the only airport on the archipelago. There is regular air service to Arkhangelsk, as well as regular summer passenger sea connections to Arkhangelsk, Kem, and Belomorsk.
Архангельское областное Собрание депутатов. Областной закон №65-5-ОЗ от 23 сентября 2009 г. «Об административно-территориальном устройстве Архангельской области», в ред. Областного закона №232-13-ОЗ от 16 декабря 2014 г. «О внесении изменений в отдельные Областные Законы в сфере осуществления местного самоуправления и взаимодействия с некоммерческими организациями». Вступил в силу через десять дней со дня официального опубликования. Опубликован: "Волна", №43, 6 октября 2009 г. (Arkhangelsk Oblast Council of Deputies. Oblast Law #65-5-OZ of September 23, 2009 On the Administrative-Territorial Structure of Arkhangelsk Oblast, as amended by the Oblast Law #232-13-OZ of December 16, 2014 On Amending Various Oblast Laws Dealing with the Process of Municipal Self-Government and Relations with Non-Profit Organizations. Effective as of the day which is ten days after the official publication.).
Архангельское областное Собрание депутатов. Областной закон №258-внеоч.-ОЗ от 23 сентября 2004 г. «О статусе и границах территорий муниципальных образований в Архангельской области», в ред. Областного закона №224-13-ОЗ от 16 декабря 2014 г. «Об упразднении отдельных населённых пунктов Соловецкого района Архангельской области и о внесении изменения в статью 46 Областного закона "О статусе и границах территорий муниципальных образований в Архангельской области"». Вступил в силу со дня официального опубликования. Опубликован: "Волна", №38, 8 октября 2004 г. (Arkhangelsk Oblast Council of Deputies. Oblast Law #258-vneoch.-OZ of September 23, 2004 On the Status and Borders of the Territories of the Municipal Formations in Arkhangelsk Oblast, as amended by the Oblast Law #224-13-OZ of December 16, 2014 On Abolishing Several Inhabited Localities in Solovetsky District of Arkhangelsk Oblast and on Amending Article 46 of the Oblast Law "On the Status and Borders of the Territories of the Municipal Formations in Arkhangelsk Oblast". Effective as of the day of the official publication.).