Mount Vernon, OH Metro Area is a great place to live for those seeking affordable rent and lower grocery costs. The average 2 bedroom rental cost in the area is $860, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index for the area is 97 compared to 100 in the US. There are many local companies that make Mount Vernon a great place to call home. These include Mount Vernon Nazarene University, Knox Community Hospital, Emerson Climate Technologies and Orgill Manufacturing Facility. All these businesses provide job opportunities and help keep the economy vibrant.
Mount Vernon Metro Area has an unemployment rate of 3.7%. The US average is 6.0%.
Mount Vernon Metro Area 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 Metro Area
- The Sales Tax Rate for Mount Vernon Metro Area is 7.2%. 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 $23,926 a year. The US average is $28,555 a year.
- The Median household income of a Mount Vernon Metro Area resident is $64,439 a year. The US average is $69,021 a year.