Housing costs in Mount Vernon?
A typical home costs
$183,100, which is 45.8% less expensive than the national average of
$338,100 and 17.4% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Mount Vernon costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 8.9% cheaper than the state average of
$980.
Can I afford Mount Vernon?
To live comfortably in Mount Vernon (zip 47620), Indiana, a minimum annual income of
$34,920 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Mount Vernon?
The cost of living in 47620 Mount Vernon, IN is relatively low. According to BestPlaces, it has a combined cost of living index of 76.4, which is lower than the national average of 100. Groceries and restaurant prices are generally very affordable compared to other cities in the United States. Rent prices for an apartment are also very reasonable with one-bedroom units averaging around $560 per month. Overall, Mount Vernon is a great place to live for those looking for economical housing without sacrificing quality of life.