Housing costs in Mount Vernon?
A typical home costs
$99,400, which is 70.6% less expensive than the national average of
$338,100 and 53.6% less expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Mount Vernon costs
$880 per month, which is 6.4% cheaper than the national average of
$940 and 11.4% cheaper than the state average of
$980.
Can I afford Mount Vernon?
To live comfortably in Mount Vernon (zip 36560), Alabama, a minimum annual income of
$19,080 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 36560 Mount Vernon, AL is relatively affordable. According to BestPlaces, the cost of living index in the area is just 83.3, which is 17.7% lower than the national average. This means that goods and services are typically cheaper in this area than in other parts of the United States. Housing prices are especially attractive, with the median home value being around $84,600 versus $184,700 nationwide. Additionally, there are no state income taxes in Alabama, so you can save money on your federal income taxes as well. All in all, the cost of living in 36560 Mount Vernon, AL is quite appealing for those who want to enjoy a comfortable lifestyle without breaking the bank.