Vernon, Arizona is a small city located near the New Mexico border. It is home to many local businesses, such as its popular grocery store, Sprouts Farmers Market, and its clothing store, Big 5 Sporting Goods. According to the information provided, the rent for a two bedroom apartment in Vernon is $920 versus $1,430 in the US on average. Additionally, Vernon has a grocery cost index of 96 compared to 100 in the US. All these details show that Vernon is an affordable place to live making it ideal for those looking for more affordable housing options.
Vernon has an unemployment rate of 11.2%. The US average is 6.0%.
Vernon has seen the job market decrease by -4.1% over the last year. Future job growth over the next ten years is predicted to be 21.2%, which is lower than the US average of 33.5%.
Tax Rates for Vernon
- The Sales Tax Rate for Vernon is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Vernon is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Vernon
- The average income of a Vernon resident is $11,325 a year. The US average is $37,638 a year.
- The Median household income of a Vernon resident is $0 a year. The US average is $69,021 a year.