Mount Vernon, IN is an idyllic small town located in the southern part of Indiana. It is home to around 6,000 people and offers a variety of activities for residents and tourists alike. The cost of living in Mount Vernon is quite reasonable. 2 bedroom rent in this city averages at $860 compared to $1,430 on average across the US. Additionally, groceries are especially inexpensive with a grocery cost index rating of 92 versus 100 in the US. There are numerous local businesses here as well such as Carter Chevrolet Buick GMC, Phoenix Theatres Mount Vernon 8, Ruxer Ford Lincoln Inc., Valley Tool & Manufacturing Corporation, Medora Lumber Company, and others. Overall, Mount Vernon has something for everyone and is an affordable place to live in Southern Indiana.
Mount Vernon has an unemployment rate of 3.6%. The US average is 6.0%.
Mount Vernon has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 33.7%, which is higher 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 4.2%. 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 $32,560 a year. The US average is $37,638 a year.
- The Median household income of a Mount Vernon resident is $53,153 a year. The US average is $69,021 a year.