Housing costs in Mount Vernon?
A typical home costs
$179,600, which is 46.9% less expensive than the national average of
$338,100 and 19.0% less expensive than the average Indiana home, at
$221,600. 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 14.0% cheaper than the state average of
$980.
Can I afford Mount Vernon?
To live comfortably in Mount Vernon, Indiana, a minimum annual income of
$34,560 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Mount Vernon?
Mount Vernon, IN is considered to be an affordable place to live. According to Sperling’s Best Places, the cost of living index in this small city is 85.6, which is significantly lower than the US average of 100. Housing expenses are particularly low in Mount Vernon, with an index of 68.5 compared to the national average of 100. In addition, residents benefit from relatively low costs for groceries and utilities as well as a low sales tax rate of 7%. As a result, Mount Vernon offers residents a great balance between affordability and quality of life.