Mount Vernon, OH is a city situated in the Knox County region of the state. It has an estimated population of 16,922 people. The city offers affordable rental options with two bedroom apartments costing around $850 per month which is significantly lower than the US median of $1,430. Additionally, prices for groceries are slightly below the national average as evidenced by a Grocery Cost Index of 96 versus 100 in the US. Mount Vernon is home to a number of local businesses such as Country Meats, Inc., The Castle Restaurant & Pub, and The Paper Mill Printing Company. It also boasts some large companies like Permeable Technologies, LLC and Kokosing Construction Co., Inc.. With its low cost living and wide range of employment opportunities, Mount Vernon provides an excellent opportunity for economic growth and stability.
Mount Vernon has an unemployment rate of 3.7%. The US average is 6.0%.
Mount Vernon has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 23.3%, which is lower than the US average of 33.5%.
Tax Rates for Mount Vernon
- The Sales Tax Rate for Mount Vernon is 7.3%. 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 $20,437 a year. The US average is $28,555 a year.
- The Median household income of a Mount Vernon resident is $49,139 a year. The US average is $69,021 a year.