Mount Vernon, KY vs Princeton, KY

Mount Vernon, KY and Princeton, KY have a very similar cost of living, with only a 1.4% difference in their overall index. Mount Vernon scores 60 while Princeton scores 61 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 $660/month compared to $719/month in Princeton — a 8% difference. Interestingly, home values tell a different story: while Mount Vernon has cheaper rent, Princeton actually has lower median home values ($89,700 vs $100,500).

Median household income in Mount Vernon is $38,639 compared to $51,875 in Princeton (-25.5%). While Princeton 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 20.5% of their income on rent, more than the 16.6% in Princeton.