Cost of Living in Mount Vernon, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
132.9
100 = national avg
+32.9 vs national average
Living Wage (1 Adult)
$58,480
per year
Living Wage (Family of 4)
$138,225
per year
Cost Index by Category
Housing113.7
Food131.3
Transportation162.6
Healthcare125.0
Utilities121.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$816
per month
2 Bedroom
$1,071
per month
The overall cost of living index in Mount Vernon is 132.9, which is 32.9% above the national average. Housing costs are above the national average at an index of 113.7. A single adult needs to earn approximately $58,480 per year to cover basic expenses.