Mount Vernon, IN Cost Of Living
Cost Of Living In Mount Vernon, IN Summary
Cost of living in Mount Vernon research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Mount Vernon is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Indiana, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Mount Vernon is 86, with 100 being the average.
The cost of living index in Mount Vernon is 0.9x lower than the national average.
Mount Vernon ranks as the #48 cheapest in Indiana out of 124.
Mount Vernon ranks as the #938 cheapest out of 6,412 in the US.
The median home value in Mount Vernon is $138,700.
The median income in Mount Vernon is $53,153.
Table Of Contents
Mount Vernon's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Mount Vernon, IN?
According to the most recent data on the cost of living, Mount Vernon has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.
Compared to Indiana, Mount Vernon has a cost of living index that's 0.9x lower than Indiana's index of 91.
The standard of living in Mount Vernon ranks as #48 most affordable out of the 124 places we measured in Indiana. By definition, that implies Mount Vernon ranks as the #76 most expensive place in the Hoosier State.
For more reading on life in Mount Vernon, check out:
- Living In Mount Vernon
- Mount Vernon Crime Report
- Search Homes For Sale In Mount Vernon, IN
In Indiana
In America
Mount Vernon Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Mount Vernon. Here is how it fairs on each of the criteria:
The Services index in Mount Vernon is 96.
The Groceries index in Mount Vernon is 95.
The Health index in Mount Vernon is 94.
The Housing index in Mount Vernon is 58.
The Transportation index in Mount Vernon is 96.
The Utilities index in Mount Vernon is 113.
| Living Expense | Mount Vernon | Indiana | National Average | |
|---|---|---|---|---|
| Overall | 86 | 91 | 100 | |
| Services | 96 | 94 | 100 | |
| Groceries | 95 | 96 | 100 | |
| Health | 94 | 101 | 100 | |
| Housing | 58 | 77 | 100 | |
| Transportation | 96 | 95 | 100 | |
| Utilities | 113 | 106 | 100 | |
Mount Vernon, IN Housing Cost Breakdown
Housing swings affordability the most between places in Indiana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Mount Vernon is $138,700.
The Median Rent in Mount Vernon is $710.
The Median Income in Mount Vernon is $53,153.
The Home Value To Income in Mount Vernon is 2.6x.
The Rent To Monthly Income in Mount Vernon is 0.16x.
| Statistic | Mount Vernon | Indiana | United States |
|---|---|---|---|
| Median Home Value | $138,700 | $158,500 | $244,900 |
| Median Rent | $710 | $891 | $1,163 |
| Median Income | $53,153 | $61,944 | $69,021 |
| Home Value To Income | 2.6x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Mount Vernon, IN Costs By Category
Detailed Mount Vernon Services Costs Vs. Indiana
| Item | Mount Vernon | Indiana |
|---|---|---|
| Shampoo | $0.94 | $1.06 |
| Movie | $9.18 | $10.68 |
| Bowling | $13.56 | $14.67 |
| Haircut | $21.03 | $18.62 |
| Beauty Salon | $28.06 | $39.05 |
Detailed Mount Vernon Groceries Costs Vs. Indiana
| Item | Mount Vernon | Indiana |
|---|---|---|
| Ground Beef | $4.5 | $4.22 |
| Fried Chicken | $1.27 | $1.39 |
| Milk | $1.23 | $2.05 |
| Potatoes | $3.81 | $3.29 |
| Pizza | $9.01 | $10.62 |
| Beer | $8.73 | $9.38 |
| Toothpaste | $2.75 | $2.34 |
Detailed Mount Vernon Health Costs Vs. Indiana
| Item | Mount Vernon | Indiana |
|---|---|---|
| Optometrist | $118.2 | $108.57 |
| Doctor | $95.88 | $116.17 |
| Dentist | $91.44 | $99.13 |
Detailed Mount Vernon Transportation Costs Vs. Indiana
| Item | Mount Vernon | Indiana |
|---|---|---|
| Gasoline | $2.09 | $2.22 |
| Tire Balancing | $49.53 | $50.07 |
Detailed Mount Vernon Utilities Costs Vs. Indiana
| Item | Mount Vernon | Indiana |
|---|---|---|
| All Electricity | $208.57 | $167.67 |
| Phone | $184.27 | $175.64 |
Mount Vernon SnackAbility
/10
Cost Of Living In Cities Around Mount Vernon
The cost of living varies in the cities and towns around Mount Vernon. Here's a quick look at the cost of living in the most populous nearby places:
Owensboro, KY has a cost of living index of 88, 1.0x Mount Vernon.
Elizabethtown, KY has a cost of living index of 98, 1.1x Mount Vernon.
Henderson, KY has a cost of living index of 85, 1.0x Mount Vernon.
| City | Population | Cost Of Living | Vs. Mount Vernon |
|---|---|---|---|
| Owensboro, KY | 59,839 | 88 | 1.0x |
| Elizabethtown, KY | 31,066 | 98 | 1.1x |
| Henderson, KY | 28,201 | 85 | 1.0x |
| Madisonville, KY | 19,533 | 86 | 1.0x |
| Mount Carmel, IL | 6,937 | 84 | 1.0x |
| Boonville, IN | 6,662 | 84 | 1.0x |
