Mount Vernon, Alabama is a small city located in Mobile County near the Gulf Coast. The two-bedroom rent for this city is significantly lower than the national average, making it an attractive place to live. In addition to low housing costs, grocery prices in Mount Vernon are also well below the national index. Local business opportunities exist in industries such as healthcare, construction and farming. Residents of Mount Vernon enjoy a lower cost of living compared to citizens in other parts of the US due to these economic factors. Companies who may offer employment opportunities within this area include Providence Hospital, BancorpSouth Bank and NAPA Auto Parts.
Mount Vernon has an unemployment rate of 5.2%. The US average is 6.0%.
Mount Vernon has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 29.0%, 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 5.0%. 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 $16,426 a year. The US average is $28,555 a year.
- The Median household income of a Mount Vernon resident is $39,129 a year. The US average is $69,021 a year.