Housing costs in Mount Vernon?
A typical home costs
$88,300, which is 73.9% less expensive than the national average of
$338,100 and 63.5% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Mount Vernon costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 46.5% cheaper than the state average of
$1,260.
Can I afford Mount Vernon?
To live comfortably in Mount Vernon, Illinois, a minimum annual income of
$16,920 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Mount Vernon?
The cost of living in Mount Vernon, IL is relatively low compared to the national average. The median home price in the area is around $90,000, and the average rent for a one-bedroom apartment is around $550 per month. Groceries are also inexpensive as well, with prices that are approximately 7% lower than the national average. In addition, utilities such as electricity and water are affordable for residents. All in all, Mount Vernon offers an excellent quality of life at an affordable price point.