Mount Vernon, Indiana, presents a cost of living that is lower than the nationwide average. Based on the provided index, the overall cost of living in Mount Vernon is approximately 86. This means residents can expect to spend about 14% less than the national average across various categories.
Specifically, housing costs in Mount Vernon are 25% below the national average. Grocery prices are 10% below, utilities are 5% below, and transportation costs are also 20% below average. Healthcare and miscellaneous expenses are slightly above average, with increases of 5% and 8%, respectively. This mix of costs makes Mount Vernon a more affordable place to live compared to the rest of the country.
Mount Vernon, Indiana, offers a cost of living that is notably lower than the nationwide average, which is set at 100. Housing costs in Mount Vernon stand at 75, which means they are 25% lower than the national average. This reduction can be a significant advantage for those looking to minimize housing expenses while maintaining a comfortable living situation.
Transportation costs in Mount Vernon also reflect a favorable comparison, with an index of 80. This means residents can expect to spend 20% less on transportation than the average American. Similarly, the utility costs at 85 are only 15% above the national average, providing additional savings. Groceries cost 90, slightly higher at 10% over the national average, while healthcare at 95 shows a modest 5% increase. Overall, miscellaneous expenses stand at 88, which is 12% lower than the national average. These factors combined indicate that living in Mount Vernon is generally more affordable, presenting a compelling option for those seeking a cost-effective lifestyle.
