Housing costs in Mount Vernon?
A typical home costs
$110,900, which is 67.2% less expensive than the national average of
$338,100 and 42.9% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Mount Vernon costs
$720 per month, which is 49.7% cheaper than the national average of
$1,430 and 27.8% cheaper than the state average of
$920.
Can I afford Mount Vernon?
To live comfortably in Mount Vernon, Kentucky, a minimum annual income of
$21,240 for a family, and
$22,000 for a single person is recommended.
What does A.I. say about Mount Vernon?
Mount Vernon, KY has a relatively low cost of living compared to the national average. The median home price in Mount Vernon is $101,400, which is lower than the US median home price of $231,200. Groceries and healthcare costs are also lower than the national average. In addition, due to its small population size there are no large city taxes or fees for services that would drive up the cost of living. All these factors combine to make Mount Vernon an attractive option for those looking for a lower cost of living with all the amenities of a smaller city.