Mount Vernon, IN, offers a cost of living that is slightly lower than the nationwide average. The overall cost of living index for Mount Vernon stands at 89, which is 11% below the average of 100. This lower cost of living makes it an attractive option for job seekers looking to maximize their budget.
Specifically, housing costs in Mount Vernon are 15% below the national average, while groceries and utilities are just 10% and 5% below average, respectively. Transportation and healthcare costs are also slightly lower than the national average, providing additional savings. This balanced reduction in costs across various categories makes Mount Vernon a practical choice for those seeking affordability without sacrificing quality of life.
The cost of living index in Mount Vernon, Indiana, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Mount Vernon stand at 85, indicating that residents spend 15% less on housing compared to the national average. This lower housing expense can be a significant advantage for those looking to settle in Mount Vernon, offering potential savings that can be redirected to other areas of living expenses.
In addition to housing, other cost categories in Mount Vernon also show competitive rates. For instance, groceries cost 90, which is 10% less than the national average. Utilities are priced at 95, meaning residents pay only 5% more than the average. Transportation costs are at 88, which is 12% lower. Healthcare expenses are at 92, slightly higher by 2%, while miscellaneous costs are at 87, indicating a 13% reduction. Overall, these figures suggest that the cost of living in Mount Vernon is generally lower than the national average, making it an attractive option for budget-conscious individuals.
