Housing costs in Mount Vernon?
A typical home costs
$96,500, which is 71.5% less expensive than the national average of
$338,100 and 60.1% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Mount Vernon costs
$830 per month, which is 34.1% cheaper than the national average of
$1,260 and 2.4% cheaper than the state average of
$850.
Can I afford Mount Vernon?
To live comfortably in Mount Vernon (zip 62864), Illinois, a minimum annual income of
$18,360 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Mount Vernon?
The cost of living in 62864 Mount Vernon, IL is fairly reasonable when compared to the national average. Housing costs are 10% lower than the national average, and overall prices are 7% lower than the national average. While the cost of groceries is slightly higher than the average, other expenses such as transportation and healthcare costs are below the national average. Renters make up more than a quarter of homeowners in Mount Vernon, making it an ideal location for those looking for an affordable place to live. The city also boasts a low unemployment rate and plenty of employment opportunities, which further contributes to its affordability.