salaryRent is lower than in 85% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 14 minutes.
How much money do I need?
To rent here comfortably, you should earn about $41,720 a year. That is $20 an hour at a full-time job.
Is rent cheaper than other Illinois cities?
Yes. Rent here is cheaper than in most of Illinois. It is number 62 of 334 cities from cheapest to most expensive.
How much do households earn in Mount Vernon?
Share of households by yearly income. 12.3% of households earn $100,000 or more.
Rent by apartment size in Mount Vernon
| Size | Mount Vernon | U.S. average |
|---|---|---|
| Studio | $946 | $1,338 |
| 1 bedroom | $881 | $1,324 |
| 2 bedrooms | $1,035 | $1,509 |
| 3 bedrooms | $1,125 | $1,698 |
| 4 bedrooms | $1,268 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Mount Vernon overall?
Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Mount Vernon, so the Illinois figure is shown.
Taxes and bills in Mount Vernon
Life in Mount Vernon
Is it cheaper to rent or buy in Mount Vernon?
Buying is cheaper month to month: about $351 a month less than renting.
Owning assumes a typical $99,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $9,980 for the down payment.
Frequently asked questions
What is the average rent in Mount Vernon, IL?
Renting in Mount Vernon costs a median of about $1,043 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Mount Vernon?
To keep rent under 30% of income, you need about $41,720 a year, or $20 an hour at a full-time job.
Is Mount Vernon cheap or expensive?
Mount Vernon is rated OK: rent takes 21.0% of the typical household income of $59,703. It ranks 62nd cheapest of 334 Illinois cities we track.
How much are property taxes in Mount Vernon?
The median homeowner in Mount Vernon pays $2,271 a year in property taxes, about 2.28% of the median home value.
Is Mount Vernon more expensive than the national average?
Overall prices in Illinois are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Mount Vernon?
The median home value in Mount Vernon is $99,800, about 1.7 times the typical yearly household income.
14,090 people live in Mount Vernon. Numbers are typical (middle) values.