Cost of Living in Mount Vernon, IA
Population 4,551 · Iowa · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Mount Vernon a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $257,000.
Geographically, Mount Vernon sits roughly 13 miles east of Cedar Rapids. Median home values run roughly 45% higher than Cedar Rapids' $177,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Mount Vernon
The median home value in Mount Vernon is $256,900 — 16% below the national median of $305,000. Median rent runs $802/month, 39% lower than the national median of $1,314/month. The median household income of $106,356/year is 43% higher than the US median of $74,580. The local unemployment rate is 5.4%, above the national average of 4.8%. Iowa's top state income tax rate is 5.7% and the combined sales tax is 6.9%. Overall, Mount Vernon has a cost of living index of 75 versus the US average of 100, meaning it is 25% less expensive.
Mount Vernon has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Mount Vernon, IA?
Mount Vernon has a cost index of 75 (100 = national average). It is 25% below the national average.
What is average rent in Mount Vernon, IA?
The median gross rent in Mount Vernon is $802 per month based on 2023 Census data.
What is the average home price in Mount Vernon?
The median home value in Mount Vernon is $256,900 according to Zillow and Census data.
What is the median income in Mount Vernon?
The median household income in Mount Vernon is $106,356 per year (2023 ACS 5-year estimates).
What is the sales tax in Mount Vernon, IA?
The combined state and local sales tax rate in Mount Vernon is 6.9%. The Iowa state income tax top rate is 5.7%.
Is Mount Vernon, IA affordable?
Yes, Mount Vernon is generally considered affordable, with a cost of living index of 75 — about 25% below the US national average of 100.
Mount Vernon at a Glance
- Population
- 4,551
- Median Income
- $106,356
- Home Value
- $256,900
- Median Rent
- $802/mo
- Unemployment
- 5.4%
- Sales Tax
- 6.9%
Nearby Cities
Explore county-level cost of living data
Iowa Rankings
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