Zip 43050 (Mount Vernon, OH) Economy


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43050 Mount Vernon, OH is a small city located in Knox County with an estimated population of 15,741 (as of 2018). Here, the average 2 bedroom rent cost is $900, which is significantly lower than the national average of $1,430. The grocery cost index in 43050 Mount Vernon is 96 compared to the national index of 100. This makes it an attractive place for those looking for more affordable housing and living costs.
Residents of 43050 Mount Vernon can find jobs with local companies such as Kenyon College, Progressive Foam Technologies, LLC., Shoe Sensation Inc., KFC Corporation and National Machinery LLC. They also have access to numerous activities such as The Cleveland Museum of Art and the Toledo Zoo. There are several restaurants including Palermo’s Restaurant & Pizzeria and Queen City Grille in downtown Mount Vernon. With its lower than average cost of living and abundance of employment opportunities, 43050 Mount Vernon is a great place to call home!

Mount Vernon (zip 43050) has an unemployment rate of 3.7%. The US average is 6.0%.

Mount Vernon (zip 43050) 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 (zip 43050)
- The Sales Tax Rate for Mount Vernon (zip 43050) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Mount Vernon (zip 43050) is 6.2%. 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 43050)
- The average income of a Mount Vernon (zip 43050) resident is $23,761 a year. The US average is $28,555 a year.
- The Median household income of a Mount Vernon (zip 43050) resident is $57,991 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMount Vernon, OhioUnited States
  3.76
  -3.8%-6.2%
  23.3%33.5%
  7.3%6.2%
  6.2%4.6%
  $29,674$37,638
  $57,991$69,021
  $68,317$85,028
  Population by Occupation
  1.3%1.2%
  0.7%0.5%
  7.8%6.8%
  16.3%10.0%
  0.8%2.5%
  12.0%11.0%
  2.7%4.8%
  0.4%0.8%
  0.6%1.9%
  2.9%4.7%
  2.2%1.9%
  5.7%7.6%
  0.0%0.1%
  2.5%4.2%
  9.4%9.3%
  16.0%14.0%
  1.1%2.1%
  8.0%7.0%
  5.0%4.8%
  4.4%4.7%
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