Mount Vernon cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexMount VernonIowaNational
Cost of living index9889100
IndexMount VernonIowaNational
Goods & Services index9595100
Groceries index9694100
Health care index10497100
Housing index9973100
Transportation index10499100
Utilities index10195100
Here we can see a simple outline of the cost of living in Mount Vernon, IA. As you can see, with the average cost of living in Mount Vernon, IA being 98, that puts it 11% higher than the average of Iowa and 2% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Mount Vernon, IA, the price of goods and services are equal to the average of Iowa as well as 5% lower than the nation's average.

Did you know?

  • The cost of living in Mount Vernon is 11% higher than the Iowa average.
  • The cost of living in Mount Vernon is 2% lower than the national average.
  • The cost of housing in Mount Vernon is 1% lower than the national average.
  • Iowa general sales tax is 18% higher than the national average.
  • Iowa state income tax is 84% lower than the national average.

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Compare Mount Vernon, IA Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Using the salary calculator lets you compare the salary you earn in Mount Vernon, IA to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Mount Vernon, IA, you have to earn a higher income in order to still have the same standard of living. To operate the Mount Vernon, IA salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
One can approximate the cost of living and the housing affordability in Mount Vernon, IA by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Mount Vernon, IA have a median income of $85,789. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,002 per month to avoid calamity and poverty. The renters in the city have an income of about $41,447, which would make their monthly maximum allowable rental costs $967.

Iowa Sales Tax

StateGeneral Sales TaxWith Max Surtax

Iowa Income Tax

StateIncome Tax (Low)Income Tax (High)
One thing to keep in mind when considering the cost of living in Mount Vernon, IA is the Iowa sales tax and Iowa income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Iowa sales tax rate is 6% and the maximum surtax that can be charged is 7%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Iowa income tax rates range from 0.36% to 8.98%.

Goods & Services

ItemMount VernonNational avg.Difference
Haircut $18.59$16.0915.6%
Beauty Salon $37.28$37.330.1%
Toothpaste $2.24$2.458.5%
Shampoo $0.85$1.0015.0%
Movie $10.00$10.282.8%
Bowling $3.61$4.9326.8%


ItemMount VernonNational avg.Difference
Ground Beef $3.84$3.801.0%
Fried Chicken $1.47$1.405.5%
Milk $1.97$2.011.9%
Potatoes $2.66$3.0111.7%
Pizza $8.66$9.8912.4%
Beer $8.74$8.901.8%

Health Care

ItemMount VernonNational avg.Difference
Optometrist $120.35$102.1617.8%
Doctor $128.23$108.3618.3%
Dentist $82.63$92.5310.7%
Ibuprofen $9.41$9.281.4%
Lipitor $457.54$425.827.4%


ItemMount VernonNational avg.Difference
Home Price $201,600.00$184,700.009.1%
Avg. Mortgage Payment $1,140.48$1,202.445.2%
Apartment Rent $724.00$949.0023.7%


ItemMount VernonNational avg.Difference
Gasoline $2.16$2.243.7%
Tire Balancing $56.31$46.2921.6%


ItemMount VernonNational avg.Difference
All Electricity$189.42$165.9614.1%
Phone $25.00$28.6812.8%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Morley, IA12881-19%
Olin, IA72184-16%
Anamosa, IA5,45985-15%
Stanwood, IA56286-14%
Martelle, IA26687-13%
Mount Vernon, IA4,48798-2%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Byram, CT4,48717070%
Oconto, WI4,48883-17%
Capitol Heights, MD4,48911414%
Suncoast Estates, FL4,48580-20%
Meadow Lake, NM4,48380-20%
Mount Vernon, IA4,48798-2%
Source: The Mount Vernon, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.