Housing costs in Vernon?
A typical home costs
$126,900, which is 62.5% less expensive than the national average of
$338,100 and 42.7% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in 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 Vernon?
To live comfortably in Vernon, Indiana, a minimum annual income of
$24,480 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Vernon?
The cost of living in Vernon, IN is relatively low compared to other parts of the country. According to the 2018 American Community Survey, the median home cost in Vernon is $99,200 and the median household income is $57,902. The overall cost of living index in Vernon is 85.7 which is lower than the national average of 100. Additionally, property taxes are very low in Vernon with an average effective rate of 0.87%. This makes it a great place to live for those looking for a more affordable place to call home.