Mount Vernon, AR is a small town located in the Ozark Mountains. It has a population of just under 1,000 people and is known for its natural beauty and friendly atmosphere. The cost of living is also low here: rent for a two bedroom apartment is only $870 compared to the US average of $1,430, and the Grocery Cost Index in Mount Vernon is 96 compared to 100 in the US. There are many local businesses that make up the local economy including family-owned restaurants and stores, hardware stores, flower shops and even an art gallery. The town also offers various attractions such as fishing spots on Crooked Creek and hiking trails at Indian Mountain State Park.
Mount Vernon has an unemployment rate of 4.2%. The US average is 6.0%.
Mount Vernon has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Mount Vernon
- The Sales Tax Rate for Mount Vernon is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Mount Vernon is 6.9%. 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 $16,853 a year. The US average is $37,638 a year.
- The Median household income of a Mount Vernon resident is $0 a year. The US average is $69,021 a year.