Mount Vernon, IN vs Vincennes, IN

Mount Vernon, IN and Vincennes, IN have a very similar cost of living, with only a 3.5% difference in their overall index. Mount Vernon scores 67 while Vincennes scores 65 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Mount Vernon is $726/month compared to $792/month in Vincennes — a 8% difference. Interestingly, home values tell a different story: while Mount Vernon has cheaper rent, Vincennes actually has lower median home values ($98,700 vs $164,200).

Median household income in Mount Vernon is $61,527 compared to $50,238 in Vincennes (+22.5%). While Mount Vernon is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Mount Vernon spend roughly 14.2% of their income on rent, less than the 18.9% in Vincennes.