Housing costs in Mount Vernon?
A typical home costs
$94,300, which is 72.1% less expensive than the national average of
$338,100 and 55.9% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Mount Vernon costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 8.0% cheaper than the state average of
$940.
Can I afford Mount Vernon?
To live comfortably in Mount Vernon, Alabama, a minimum annual income of
$18,000 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Mount Vernon?
The cost of living in Mount Vernon, AL is quite affordable. The median household income is around $35,000 and the median home value is around $98,000. This allows for an overall low cost of living, with an average monthly rent of $458 and groceries costing on average 15% less than the national average. Utility costs tend to be lower than the national average as well, with electric and water bills typically ranging from just under $50 to around $100 per month. Sales tax rates are reasonable at 8%, and gas prices tend to be slightly below the national average. All in all, Mount Vernon provides an affordable option for those looking to live in a small town environment with easy access to larger cities.