Mount Vernon, Texas is an idyllic small town in the eastern part of the state. It is known for its peaceful atmosphere and good value-for-money. The cost of living is significantly lower than the US average, with rent for 2 bedroom homes coming in at just $1,000 a month compared to a national average of $1,430. Additionally, grocery costs are well below the US index of 100 at just 93. This makes Mount Vernon an attractive option for those looking for a place to settle down or retire in a quiet and picturesque location.
Local businesses in Mount Vernon include stores such as Hill's Grocery & Feed Store; restaurant chains like Dairy Queen; and recreational centers including the Heritage Park Skatepark. The area also has its own newspaper, The Mount Vernon Optic-Herald, which help keep residents informed about local news and events.
Mount Vernon has an unemployment rate of 6.0%. The US average is 6.0%.
Mount Vernon has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 24.6%, which is lower than the US average of 33.5%.
Tax Rates for Mount Vernon
- The Sales Tax Rate for Mount Vernon is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Mount Vernon is 0.0%. 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 $16,928 a year. The US average is $28,555 a year.
- The Median household income of a Mount Vernon resident is $54,803 a year. The US average is $69,021 a year.