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 Illinois, 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 79, with 100 being the average.
The cost of living index in Mount Vernon is 0.8x lower than the national average.
Mount Vernon ranks as the #9 cheapest in Illinois out of 338.
Mount Vernon ranks as the #155 cheapest out of 6,412 in the US.
The median home value in Mount Vernon is $79,300.
The median income in Mount Vernon is $44,373.
According to the most recent data on the cost of living, Mount Vernon has an overall cost of living index of 79, which is 0.8x lower than the national index of 100.
Compared to Illinois, Mount Vernon has a cost of living index that's 0.9x lower than Illinois's index of 92.
The standard of living in Mount Vernon ranks as #9 most affordable out of the 338 places we measured in Illinois. By definition, that implies Mount Vernon ranks as the #329 most expensive place in the Prairie State.
For more reading on life in Mount Vernon, check out:
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 92.
The Groceries index in Mount Vernon is 103.
The Health index in Mount Vernon is 89.
The Housing index in Mount Vernon is 47.
The Transportation index in Mount Vernon is 91.
The Utilities index in Mount Vernon is 98.
|Living Expense||Mount Vernon||Illinois||National Average|
Housing swings affordability the most between places in Illinois, 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 $79,300.
The Median Rent in Mount Vernon is $786.
The Median Income in Mount Vernon is $44,373.
The Home Value To Income in Mount Vernon is 1.8x.
The Rent To Monthly Income in Mount Vernon is 0.21x.
|Statistic||Mount Vernon||Illinois||United States|
|Median Home Value||$79,300||$212,600||$244,900|
|Home Value To Income||1.8x||2.9x||3.5x|
|Rent To Monthly Income||0.21x||0.18x||0.2x|
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:
Carbondale, IL has a cost of living index of 85, 1.1x Mount Vernon.
Marion, IL has a cost of living index of 86, 1.1x Mount Vernon.
Herrin, IL has a cost of living index of 81, 1.0x Mount Vernon.