Mount Vernon, ME is a small town located in Kennebec County with a population of approximately 1,000 people. It is an ideal place for those who want to live in a peaceful and quiet community. The town is home to several locally owned businesses, such as the Mount Vernon General Store, which sells hardware items, groceries, clothing, and other items. There are also two local restaurants: the Black Bear Cafe and The Fish Hook Grill that offer delicious meals for visitors and locals alike. In addition to great food, Mount Vernon boasts an impressive number of outdoor activities including fishing, camping, hiking and boating at nearby lakes and rivers. The cost of living in Mount Vernon is significantly lower than the national average due to its low housing costs -- 2 bedroom rent averages $950 compared to the national average of $1,430 -- with a grocery cost index of 107 versus 100 nationally.
Mount Vernon has an unemployment rate of 5.5%. The US average is 6.0%.
Mount Vernon has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 31.9%, which is lower than the US average of 33.5%.
Tax Rates for Mount Vernon
- The Sales Tax Rate for Mount Vernon is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Mount Vernon is 7.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Mount Vernon
- The average income of a Mount Vernon resident is $24,535 a year. The US average is $28,555 a year.
- The Median household income of a Mount Vernon resident is $55,375 a year. The US average is $69,021 a year.