Mount Vernon, AR (zip code 72111) is a small town located in the northwest part of the state. The population is estimated to be about 1,400 people. Rent for a two bedroom apartment in Mount Vernon is quite affordable at just $850 per month while the US median rent for a two bedroom apartment is $1,430. Grocery costs are also relatively low in Mount Vernon compared to the US with an index of 96 versus 100 in the US. The local economy is mainly agricultural though there are some small businesses such as grocery stores, auto repair shops and restaurants scattered throughout the town. Despite its small size, Mount Vernon has much to offer visitors and residents alike.
Mount Vernon (zip 72111) has an unemployment rate of 4.2%. The US average is 6.0%.
Mount Vernon (zip 72111) has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Mount Vernon (zip 72111)
- The Sales Tax Rate for Mount Vernon (zip 72111) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Mount Vernon (zip 72111) is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Mount Vernon (zip 72111)
- The average income of a Mount Vernon (zip 72111) resident is $29,195 a year. The US average is $37,638 a year.
- The Median household income of a Mount Vernon (zip 72111) resident is $64,000 a year. The US average is $69,021 a year.