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Cost of Living

Below is a chart listing the cost of living in Mt. Vernon.

TAXES

Sales Tax	7.225 per $1.00	Includes State 4.225; County 1.00; City 2.0

City Property Tax	Zero
County Property Tax	$0.09 per $100 valuation
Ambulance	$0.1428	Property is assessed at a percentage of the actual (real) value. Residential 19% Commercial 32% plus $0.50 surtax Agriculture 12%
Handicap	$0.08
Library	$0.1784
Nursing Home	$0.1111
Schools (R-5)	$3.32
Senior Citizens	$0.05
Special Road	$0.07
Mt. Vernon Road	$0.16
State	$0.03

REAL ESTATE
Average cost per acre	Rural farm land above 40 acres - $1,500; City lot 100' by 150' - $10,000
Housing Cost	City - $95,000 for 3-bdrm., 2-bath
Rental Rates	$500 for 3-bdrm average house
Apartments	$250 - $350, 1-2-bdrm.

City and County governments both operate in the black with healthy reserves for long-term needs and emergencies.

Information above was updated January 2005.

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All contents © 2003-06 The City of Mt. Vernon, except where indicated otherwise. All rights reserved worldwide. Duplication or reprint only with express permission from The City of Mt. Vernon. All trademarks are property of their respective owners. This page was last updated on July 27, 2006.