Town14,600 people

Mount Vernon, IL

Discover how far your salary goes in Mount Vernon. Compare taxes, rent, and living costs.

Cost Index
123
📈 Above Average
Population

14,600

State Tax

5.0%

1BR Rent

$1,386

/month

vs National

-1%

below avg

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Rent Prices in Mount Vernon

🏠

Studio

$1,109

/month

$13,308/year

Most Common
🛏️

1 Bedroom

$1,386

/month

$16,632/year

🏡

2 Bedroom

$1,871

/month

$22,452/year

🏘️

3 Bedroom

$2,426

/month

$29,112/year

Taxes in Illinois

State Income Tax

Illinois

5.0%

For a $100k salary, that's ~$4,950/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Mount Vernon, IL?

Mount Vernon has a cost of living index of 123, which is 23% above the national average. A 1-bedroom apartment costs around $1,386/month.

What is the state income tax in Illinois?

Illinois has a state income tax rate of approximately 5.0%. This is in addition to federal income tax.

How much is rent in Mount Vernon?

The median rent for a 1-bedroom apartment in Mount Vernon is $1,386/month. For a 2-bedroom, expect to pay around $1,871/month. This is 1% below the national average.

Is Mount Vernon a good place to live?

Mount Vernon is a town with a population of 14,600. The cost of living is above average, making it more expensive than average for the US.

See the complete picture for Mount Vernon

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