Cost of Living in North Vernon, IN

Population 7,214 · Indiana · Data vintage 2023

49
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Household incomes in North Vernon run well below national norms — a median of $48,235 versus the $74,580 US figure. Housing costs partially offset that gap (typical home values around $108,000).

North Vernon is about 60 miles north of Louisville/Jefferson County metro government (balance), the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 51% lower than Louisville/Jefferson County metro government (balance)'s $222,000.

Cost Overview

Housing 35
Rent 69

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in North Vernon

The median home value in North Vernon is $107,900 — 65% below the national median of $305,000. Median rent runs $904/month, 31% lower than the national median of $1,314/month. The median household income of $48,235/year is 35% lower than the US median of $74,580. The local unemployment rate is 5.3%, above the national average of 4.8%. Indiana's top state income tax rate is 3.0% and the combined sales tax is 7.0%. Overall, North Vernon has a cost of living index of 49 versus the US average of 100, meaning it is 51% less expensive.

🏠 Housing

Median Home Value
$107,900
65% below avg
Zillow Home Value
$208,330
Zillow ZHVI
Median Rent
$904/mo
31% below avg
Zillow Rent
$950/mo
Zillow ZORI
Price-to-Rent Ratio
9.9x
Favors buying
Property Tax Rate
0.8%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$731
1 BR
$783
2 BR
$985
3 BR
$1,286
4 BR
$1,456
Owner-occupied 55.7%
Renter-occupied 44.3%

💰 Estimated Monthly Budget

Rent median rent
$904
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,518/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
23.6 min
13% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
6.4%

Commute Mode

Drove alone
74.6%
Carpooled
16.6%
Walked
1.2%
Work from home
6.4%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 3.0%
Total Sales Tax 7.0%
State rate 7.0%
Avg local rate 0.0%
Property Tax 0.8%

💼 Income & Employment

Median Household Income
$48,235
35% below avg
Per Capita Income
$26,971
Unemployment Rate
5.3%
11% above avg
Poverty Rate
18.2%
Labor Force Participation
54.0%

🎓 Education

Bachelor's degree+ 5.8%
Graduate degree 4.5%

👥 Demographics

Median Age 37.1
Male median age 32
Female median age 38

🏫 Schools

NCES CCD 2019 — public school district data

90%
4-Year Graduation Rate
16.2:1
Student-teacher ratio
8
Public schools
4,173
Total enrollment

Frequently Asked Questions

What is the cost of living in North Vernon, IN?

North Vernon has a cost index of 49 (100 = national average). It is 51% below the national average.

What is average rent in North Vernon, IN?

The median gross rent in North Vernon is $904 per month based on 2023 Census data.

What is the average home price in North Vernon?

The median home value in North Vernon is $107,900 according to Zillow and Census data.

What is the median income in North Vernon?

The median household income in North Vernon is $48,235 per year (2023 ACS 5-year estimates).

What is the sales tax in North Vernon, IN?

The combined state and local sales tax rate in North Vernon is 7.0%. The Indiana state income tax top rate is 3.0%.

Is North Vernon, IN affordable?

Yes, North Vernon is generally considered affordable, with a cost of living index of 49 — about 51% below the US national average of 100.

North Vernon at a Glance

Population
7,214
Median Income
$48,235
Home Value
$107,900
Median Rent
$904/mo
Unemployment
5.3%
Sales Tax
7.0%
View all cities in Indiana →
🗺️ County data for Indiana

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs