Cost of Living in Vernon, AL

With a cost of living index of 55, Vernon, AL is one of the most affordable cities in the country. Living here is 45% cheaper than the national average and 19% below the Alabama state average of 74. Vernon is a small community of 1,819 residents.

Housing costs are the biggest factor in Vernon's cost of living. The median monthly rent is $464 (65% below the US median of $1,319), and the median home value sits at $112,500 (63% below the national median of $304,900). At current prices, the median home costs roughly 4.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Vernon is $27,174, which is 64% lower than the national median of $75,149. Residents spend roughly 20% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Vernon. The area sees an average annual temperature of 64.5°F, with summers averaging 81°F and winters around 48°F. Annual rainfall totals 53.5 inches spread over roughly 118 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.