Mount Vernon, IL Metro Area is an attractive place to live with its lower than average cost of living. Two bedroom rent in Mount Vernon is $850 compared to the US average rental price of $1,430. Grocery Cost Index in Mount Vernon is also 92 as opposed to 100 in the US. The area also has a number of great employers such as Rend Lake College, Illinois American Water and Mt. Vernon Township High School. With the lower cost of living and a variety of great employers, Mount Vernon can be an ideal place to reside and grow.
Mount Vernon Metro Area has an unemployment rate of 6.5%. The US average is 6.0%.
Mount Vernon Metro Area has seen the job market decrease by -8.4% over the last year. Future job growth over the next ten years is predicted to be 31.6%, which is lower than the US average of 33.5%.
Tax Rates for Mount Vernon Metro Area
- The Sales Tax Rate for Mount Vernon Metro Area is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Mount Vernon Metro Area 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 Metro Area
- The average income of a Mount Vernon Metro Area resident is $28,349 a year. The US average is $37,638 a year.
- The Median household income of a Mount Vernon Metro Area resident is $54,692 a year. The US average is $69,021 a year.