Housing costs in Mount Vernon?
A typical home costs
$466,800, which is 38.1% more expensive than the national average of
$338,100 and 12.9% more expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Mount Vernon costs
$2,120 per month, which is 8.2% more than the national average of
$1,960 and 2.4% cheaper than the state average of
$2,170.
Can I afford Mount Vernon?
To live comfortably in Mount Vernon (zip 10550), New York, a minimum annual income of
$89,280 for a family, and
$70,000 for a single person is recommended.
What does A.I. say about Mount Vernon?
The cost of living in 10550 Mount Vernon, NY is fairly expensive when compared to other areas of the country. The median home value is $364,500 which is nearly double the national average and the median household income is above $66,000. The cost of living index for 10550 Mount Vernon is higher than most other cities in the country at 134.3 compared to a national average of 100. Additionally, due to its proximity to New York City, transportation costs can be high with public transit fares being more expensive than nearby towns as well as parking fees for those who drive their own vehicles. All in all, living in this area may be quite costly but worth it given its close proximity to many job opportunities and city amenities such as cultural attractions and events.