Cost of Living in Mount Vernon, MO

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15%
Overall NAT. AVG.
5%
Groceries NAT. AVG.
40%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Mount Vernon Missouri National
Cost of living8590100
Groceries9596100
Health care9397100
Housing6077100
Transportation9696100
Utilities9595100
Lifestyle & Entertainment9495100
Household Items9597100
Education & Childcare10095100
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Homes For Sale In Mount Vernon, MO

property for sale

18368 Lawrence 2100

Mount Vernon, MO
property for sale

943 S Landrum St

Mount Vernon, MO
property for sale

10614 Lawrence 2120

Mount Vernon, MO
property for sale

207 Kori Ct

Mt Vernon, MO

Cost Of Living Quick Facts

  • The cost of living in Mount Vernon is 6% lower than the Missouri average
  • The cost of living in Mount Vernon is 15% lower than the national average
  • Mount Vernon housing is 40% lower than the national average
  • Missouri general sales tax is 17% lower than the national average
  • Missouri state income tax is 23% lower than the national average

Most Affordable Places to Live in and Around Mount Vernon

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$68,445$5,704$1,597$2,054
      Renters$52,656$4,388$1,229$1,580
      A good way to judge both the affordability of the housing and the cost of living in Mount Vernon is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Mount Vernon has a median income of about $68,445 for people who own homes. Based on that number, a maximum of $1,597 should be spent on expenses related to housing. Renters have a slightly different median income, which is $52,656. Based on this average, renters should spend no more than $1,229 on all rental costs if they want to maintain a non-impoverished standard of living.

      Missouri Sales Tax

      State General Sales Tax With Max Surtax
      Missouri 4.225% 10.85%

      Missouri Income Tax

      State Income Tax (Low) Income Tax (High)
      Missouri 2% 4.95%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Chesapeake, MO0954.6%
      La Russell, MO1507525.4%
      Hoberg, MO517623.7%
      Stotts City, MO1437723.1%
      Verona, MO7197821.5%
      Mount Vernon, MO4,6028515.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Sayre, OK4,6038020.3%
      West Peoria, IL4,6048911.4%
      Kaplan, LA4,5998119.5%
      Lenwood, CA4,6051044.2%
      Ottawa Hills, OH4,59811717.0%
      Mount Vernon, MO4,6028515.2%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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