Mount Vernon, VA Cost Of Living
Cost Of Living In Mount Vernon, VA Summary
Cost of living in Mount Vernon research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Mount Vernon is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Virginia, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Mount Vernon is 153, with 100 being the average.
The cost of living index in Mount Vernon is 1.5x higher than the national average.
Mount Vernon ranks as the #155 cheapest in Virginia out of 186.
Mount Vernon ranks as the #5,895 cheapest out of 6,412 in the US.
The median home value in Mount Vernon is $664,300.
The median income in Mount Vernon is $149,087.
Table Of Contents
Mount Vernon's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Mount Vernon, VA?
According to the most recent data on the cost of living, Mount Vernon has an overall cost of living index of 153, which is 1.5x higher than the national index of 100.
Compared to Virginia, Mount Vernon has a cost of living index that's 1.5x higher than Virginia's index of 102.
The standard of living in Mount Vernon ranks as #155 most affordable out of the 186 places we measured in Virginia. By definition, that implies Mount Vernon ranks as the #31 most expensive place in the Old Dominion.
For more reading on life in Mount Vernon, check out:
- Living In Mount Vernon
- Search Homes For Sale In Mount Vernon, VA
In Virginia
In America
Mount Vernon Cost Of Living Vs. Virginia
Six factors go into calculating the cost of living index in Mount Vernon. Here is how it fairs on each of the criteria:
The Services index in Mount Vernon is 105.
The Groceries index in Mount Vernon is 122.
The Health index in Mount Vernon is 103.
The Housing index in Mount Vernon is 259.
The Transportation index in Mount Vernon is 101.
The Utilities index in Mount Vernon is 96.
| Living Expense | Mount Vernon | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 153 | 102 | 100 | |
| Services | 105 | 102 | 100 | |
| Groceries | 122 | 98 | 100 | |
| Health | 103 | 102 | 100 | |
| Housing | 259 | 107 | 100 | |
| Transportation | 101 | 95 | 100 | |
| Utilities | 96 | 102 | 100 | |
Mount Vernon, VA Housing Cost Breakdown
Housing swings affordability the most between places in Virginia, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Mount Vernon is $664,300.
The Median Rent in Mount Vernon is $1,366.
The Median Income in Mount Vernon is $149,087.
The Home Value To Income in Mount Vernon is 4.5x.
The Rent To Monthly Income in Mount Vernon is 0.11x.
| Statistic | Mount Vernon | Virginia | United States |
|---|---|---|---|
| Median Home Value | $664,300 | $295,500 | $244,900 |
| Median Rent | $1,366 | $1,326 | $1,163 |
| Median Income | $149,087 | $80,615 | $69,021 |
| Home Value To Income | 4.5x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.11x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Mount Vernon, VA Costs By Category
Detailed Mount Vernon Services Costs Vs. Virginia
| Item | Mount Vernon | Virginia |
|---|---|---|
| Shampoo | $1.04 | $1.06 |
| Movie | $12.45 | $10.68 |
| Bowling | $19.83 | $14.67 |
| Haircut | $25.56 | $18.62 |
| Beauty Salon | $56.94 | $39.05 |
Detailed Mount Vernon Groceries Costs Vs. Virginia
| Item | Mount Vernon | Virginia |
|---|---|---|
| Ground Beef | $4.79 | $4.22 |
| Fried Chicken | $1.62 | $1.39 |
| Milk | $2.58 | $2.05 |
| Potatoes | $4.21 | $3.29 |
| Pizza | $11.66 | $10.62 |
| Beer | $10.66 | $9.38 |
| Toothpaste | $3.52 | $2.34 |
Detailed Mount Vernon Health Costs Vs. Virginia
| Item | Mount Vernon | Virginia |
|---|---|---|
| Optometrist | $104.67 | $108.57 |
| Doctor | $128.0 | $116.17 |
| Dentist | $103.17 | $99.13 |
Detailed Mount Vernon Transportation Costs Vs. Virginia
| Item | Mount Vernon | Virginia |
|---|---|---|
| Gasoline | $2.24 | $2.22 |
| Tire Balancing | $51.0 | $50.07 |
Detailed Mount Vernon Utilities Costs Vs. Virginia
| Item | Mount Vernon | Virginia |
|---|---|---|
| All Electricity | $160.85 | $167.67 |
| Phone | $177.97 | $175.64 |
Mount Vernon SnackAbility
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Cost Of Living In Cities Around Mount Vernon
The cost of living varies in the cities and towns around Mount Vernon. Here's a quick look at the cost of living in the most populous nearby places:
Bethesda, MD has a cost of living index of 192, 1.3x Mount Vernon.
Burke, VA has a cost of living index of 154, 1.0x Mount Vernon.
Hybla Valley, VA has a cost of living index of 124, 0.8x Mount Vernon.
| City | Population | Cost Of Living | Vs. Mount Vernon |
|---|---|---|---|
| Bethesda, MD | 66,294 | 192 | 1.3x |
| Burke, VA | 44,191 | 154 | 1.0x |
| Hybla Valley, VA | 18,410 | 124 | 0.8x |
| Kingstowne, VA | 18,369 | 143 | 0.9x |
| Franconia, VA | 18,310 | 142 | 0.9x |
| Fort Hunt, VA | 16,322 | 180 | 1.2x |
| Groveton, VA | 14,402 | 138 | 0.9x |
| Kings Park West, VA | 13,812 | 158 | 1.0x |
| Chevy Chase, MD | 9,889 | 204 | 1.3x |
| Dunn Loring, VA | 9,251 | 183 | 1.2x |
