Mount Vernon, KY is a small town in Rockcastle county with a population of about 2,400 people. It features affordable housing with an average two-bedroom rent of $720 compared to the national average of $1,430. Groceries are also more affordable here as the grocery cost index is 93 versus 100 in the US. The town has many local businesses such as Mount Vernon Drug Store, Rocky’s Barbeque and Smokehouse, and Rock’N Tractor Supply LLC. There are also several locally owned restaurants such as The Catch Pizza & Grill, Cracker Barrel Old Country Store, and Captain D’s Seafood Restaurant. Mount Vernon is a great place to live for anyone looking for an affordable place to call home.
Mount Vernon has an unemployment rate of 5.4%. The US average is 6.0%.
Mount Vernon has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.
Tax Rates for Mount Vernon
- The Sales Tax Rate for Mount Vernon is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mount Vernon is 8.3%. 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 $14,289 a year. The US average is $28,555 a year.
- The Median household income of a Mount Vernon resident is $21,755 a year. The US average is $69,021 a year.