salaryRent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 17.4 minutes.
How much money do I need?
To rent here comfortably, you should earn about $35,000 a year. That is $17 an hour at a full-time job.
Is rent cheaper than other Indiana cities?
Yes. Rent here is cheaper than in most of Indiana. It is number 12 of 132 cities from cheapest to most expensive.
How much do households earn in Mount Vernon?
Share of households by yearly income. 19.1% of households earn $100,000 or more.
Rent by apartment size in Mount Vernon
| Size | Mount Vernon | U.S. average |
|---|---|---|
| 1 bedroom | $711 | $1,324 |
| 2 bedrooms | $948 | $1,509 |
| 3 bedrooms | $1,212 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Mount Vernon overall?
Everyday prices in Indiana overall are 7% below the U.S. average (index 93.3, 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 Indiana figure is shown.
Taxes and bills in Mount Vernon
Life in Mount Vernon
Is it cheaper to rent or buy in Mount Vernon?
Renting is cheaper right now: about $258 a month less.
Owning assumes a typical $163,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $16,330 for the down payment.
Frequently asked questions
What is the average rent in Mount Vernon, IN?
Renting in Mount Vernon costs a median of about $875 a month in 2026, including utilities. The Indiana median is $1,219.
How much do I need to make to live in Mount Vernon?
To keep rent under 30% of income, you need about $35,000 a year, or $17 an hour at a full-time job.
Is Mount Vernon cheap or expensive?
Mount Vernon is rated Cheap: rent takes 15.6% of the typical household income of $67,151. It ranks 12th cheapest of 132 Indiana cities we track.
How much are property taxes in Mount Vernon?
The median homeowner in Mount Vernon pays $1,275 a year in property taxes, about 0.78% of the median home value.
Is Mount Vernon more expensive than the national average?
Overall prices in Indiana are 7% below 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 $163,300, about 2.4 times the typical yearly household income.
6,400 people live in Mount Vernon. Numbers are typical (middle) values.