Mount Vernon, MN is an attractive city that is growing in population and popularity. It offers a low cost of living compared with other areas: rent for a two-bedroom apartment is $900 versus $1,430 nationally; the grocery cost index in Mount Vernon is 98 versus 100 in the US. The area has local businesses that range from restaurants to retail stores. A few examples include Nana's Kitchen, the Burger Shack, and Boutique on Main Street. Residents can also find entertainment at Lucky Strike Lanes and movie theaters such as Galaxy Cinema 6. There are plenty of job opportunities at thriving corporations like PepsiCo and Diversified Foods & Seasonings. With so much to do and affordable costs of living, it’s no wonder why more people are choosing to make Mount Vernon their home.
Mount Vernon has an unemployment rate of 3.7%. The US average is 6.0%.
Mount Vernon has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.
Tax Rates for Mount Vernon
- The Sales Tax Rate for Mount Vernon is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Mount Vernon is 7.1%. 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 $28,158 a year. The US average is $28,555 a year.
- The Median household income of a Mount Vernon resident is $72,083 a year. The US average is $69,021 a year.