salaryRent here is among the highest 10% in the country. Household incomes are higher than in 94% of U.S. cities. A typical house costs about 4.7 years of household income. Commutes are long, about 31.1 minutes each way. It is a highly educated city: 63.6% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $132,760 a year. That is $64 an hour at a full-time job.
Is rent cheaper than other Virginia cities?
No. Rent here is more expensive than in most of Virginia. It is number 180 of 199 cities from cheapest to most expensive.
How much do households earn in Mount Vernon?
Share of households by yearly income. 60.5% of households earn $100,000 or more.
Rent by apartment size in Mount Vernon
| Size | Mount Vernon | U.S. average |
|---|---|---|
| 1 bedroom | $1,449 | $1,324 |
| 2 bedrooms | $1,857 | $1,509 |
| 3 bedrooms | $3,186 | $1,698 |
| 4 bedrooms | $3,507 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Mount Vernon overall?
Everyday prices in Virginia overall are 1% above the U.S. average (index 101.1, 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 Virginia 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 $2,483 a month less.
Owning assumes a typical $836,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $83,620 for the down payment.
Frequently asked questions
What is the average rent in Mount Vernon, VA?
Renting in Mount Vernon costs a median of about $3,319 a month in 2026, including utilities. The Virginia median is $2,049.
How much do I need to make to live in Mount Vernon?
To keep rent under 30% of income, you need about $132,760 a year, or $64 an hour at a full-time job.
Is Mount Vernon cheap or expensive?
Mount Vernon is rated OK: rent takes 22.6% of the typical household income of $176,604. It ranks 180th cheapest of 199 Virginia cities we track.
How much are property taxes in Mount Vernon?
The median homeowner in Mount Vernon pays $8,292 a year in property taxes, about 0.99% of the median home value.
Is Mount Vernon more expensive than the national average?
Overall prices in Virginia are 1% above 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 $836,200, about 4.7 times the typical yearly household income.
13,122 people live in Mount Vernon. Numbers are typical (middle) values.