Cost of Living in Mount Vernon, MO
Population 4,532 · Missouri · Data vintage 2023
(100 = US avg)
Mount Vernon is a smaller Missouri community of around 5000 residents, where median household incomes of $49,153 and housing costs ($175,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.
Geographically, Mount Vernon is about 30 miles west of Springfield, the nearest large metro. Housing prices track closely with Springfield's $165,000 median.
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 $175,000 — 43% below the national median of $305,000. Median rent runs $691/month, 47% lower than the national median of $1,314/month. The median household income of $49,153/year is 34% lower than the US median of $74,580. The local unemployment rate is 3.4%, below the national average of 4.8%. Missouri's top state income tax rate is 5.0% and the combined sales tax is 8.4%. Overall, Mount Vernon has a cost of living index of 55 versus the US average of 100, meaning it is 45% 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
Frequently Asked Questions
What is the cost of living in Mount Vernon, MO?
Mount Vernon has a cost index of 55 (100 = national average). It is 45% below the national average.
What is average rent in Mount Vernon, MO?
The median gross rent in Mount Vernon is $691 per month based on 2023 Census data.
What is the average home price in Mount Vernon?
The median home value in Mount Vernon is $175,000 according to Zillow and Census data.
What is the median income in Mount Vernon?
The median household income in Mount Vernon is $49,153 per year (2023 ACS 5-year estimates).
What is the sales tax in Mount Vernon, MO?
The combined state and local sales tax rate in Mount Vernon is 8.4%. The Missouri state income tax top rate is 5.0%.
Is Mount Vernon, MO affordable?
Yes, Mount Vernon is generally considered affordable, with a cost of living index of 55 — about 45% below the US national average of 100.
Mount Vernon at a Glance
- Population
- 4,532
- Median Income
- $49,153
- Home Value
- $175,000
- Median Rent
- $691/mo
- Unemployment
- 3.4%
- Sales Tax
- 8.4%
Nearby Cities
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Missouri Rankings
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