Mount Vernon, NY Cost Of Living
Cost Of Living In Mount Vernon, NY 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 New York, 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 136, with 100 being the average.
The cost of living index in Mount Vernon is 1.4x higher than the national average.
Mount Vernon ranks as the #166 cheapest in New York out of 341.
Mount Vernon ranks as the #5,256 cheapest out of 6,489 in the US.
The median home value in Mount Vernon is $564,037.
The median income in Mount Vernon is $77,171.
Table Of Contents
Mount Vernon's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Mount Vernon, NY?
According to the most recent data on the cost of living, Mount Vernon has an overall cost of living index of 136, which is 1.4x higher than the national index of 100.
Compared to New York, Mount Vernon has a cost of living index that's 1.1x higher than New York's index of 119.
The standard of living in Mount Vernon ranks as #166 most affordable out of the 341 places we measured in New York. By definition, that implies Mount Vernon ranks as the #175 most expensive place in the Empire State.
For more reading on life in Mount Vernon, check out:
In New York
In America
Mount Vernon Cost Of Living Vs. New York
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 125.
The Groceries index in Mount Vernon is 115.
The Health index in Mount Vernon is 122.
The Housing index in Mount Vernon is 182.
The Transportation index in Mount Vernon is 115.
The Utilities index in Mount Vernon is 103.
| Living Expense | Mount Vernon | New York | National Average | |
|---|---|---|---|---|
| Overall | 136 | 119 | 100 | |
| Services | 125 | 110 | 100 | |
| Groceries | 115 | 103 | 100 | |
| Health | 122 | 101 | 100 | |
| Housing | 182 | 145 | 100 | |
| Transportation | 115 | 105 | 100 | |
| Utilities | 103 | 99 | 100 | |
Mount Vernon, NY Housing Cost Breakdown
Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Mount Vernon is $564,037.
The Median Rent in Mount Vernon is $1,546.
The Median Income in Mount Vernon is $77,171.
The Home Value To Income in Mount Vernon is 7.3x.
The Rent To Monthly Income in Mount Vernon is 0.24x.
| Statistic | Mount Vernon | New York | United States |
|---|---|---|---|
| Median Home Value | $564,037 | $508,764 | $303,400 |
| Median Rent | $1,546 | $1,576 | $1,348 |
| Median Income | $77,171 | $84,578 | $78,538 |
| Home Value To Income | 7.3x | 6.0x | 3.9x |
| Rent To Monthly Income | 0.24x | 0.22x | 0.21x |
Median Home Value
Median Rent
Median Income
Mount Vernon, NY Costs By Category
Detailed Mount Vernon Services Costs Vs. New York
| Item | Mount Vernon | New York |
|---|---|---|
| Shampoo | $1.69 | $1.28 |
| Movie | $13.68 | $12.13 |
| Bowling | $29.4 | $18 |
| Haircut | $34.94 | $24.26 |
| Beauty Salon | $64.07 | $45.56 |
Detailed Mount Vernon Groceries Costs Vs. New York
| Item | Mount Vernon | New York |
|---|---|---|
| Ground Beef | $5.87 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.97 | $4.67 |
| Potatoes | $5.21 | $4.93 |
| Pizza | $12.57 | $12.09 |
| Beer | $11.87 | $10.41 |
| Toothpaste | $3.96 | $3.7 |
Detailed Mount Vernon Health Costs Vs. New York
| Item | Mount Vernon | New York |
|---|---|---|
| Optometrist | $128.97 | $125.68 |
| Doctor | $162.24 | $135.78 |
| Dentist | $149.64 | $113.29 |
Detailed Mount Vernon Transportation Costs Vs. New York
| Item | Mount Vernon | New York |
|---|---|---|
| Gasoline | $3.55 | $3.46 |
| Tire Balancing | $86.43 | $59.92 |
Detailed Mount Vernon Utilities Costs Vs. New York
| Item | Mount Vernon | New York |
|---|---|---|
| All Electricity | $201.27 | $193.99 |
| Phone | $200.67 | $192.25 |
Mount Vernon SnackAbility
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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:
Yonkers, NY has a cost of living index of 142, 1.0x Mount Vernon.
New Rochelle, NY has a cost of living index of 159, 1.2x Mount Vernon.
Eastchester, NY has a cost of living index of 167, 1.2x Mount Vernon.
| City | Population | Cost Of Living | Vs. Mount Vernon |
|---|---|---|---|
| Yonkers, NY | 209,529 | 142 | 1.0x |
| New Rochelle, NY | 81,591 | 159 | 1.2x |
| Eastchester, NY | 20,519 | 167 | 1.2x |
| Mamaroneck, NY | 19,840 | 166 | 1.2x |
| Syosset, NY | 18,274 | 182 | 1.3x |
| Woodmere, NY | 18,198 | 194 | 1.4x |
| North New Hyde Park, NY | 14,354 | 178 | 1.3x |
| Jericho, NY | 14,117 | 193 | 1.4x |
| Malverne, NY | 8,496 | 158 | 1.2x |
| Hastings-on-Hudson, NY | 8,449 | 172 | 1.3x |
