Mount Vernon, WA

Average · 108

Washington · Population 35,312 · Updated March 2026

$1,255
Median Rent / Month
$73,277
Median Income
$429,300
Median Home Value
$1,428
Owner Costs / Month

Affordability

How far your income goes in Mount Vernon

20.6%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Washington

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.5%
Sales Tax
0.92%
Property Tax Rate

Estimated Annual Costs

$15,060
Annual Rent
$0
State Income Tax
$3,950
Property Tax (est.)

Cost of Living Overview

Mount Vernon is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 108 (where 100 equals the national median), Mount Vernon residents can expect to pay median rent of $1,255/month while earning a median household income of $73,277/year.

The median home value in Mount Vernon, WA is $429,300, with typical monthly owner costs around $1,428 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.6% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Washington has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.5% sales tax rate and 0.92% effective property tax rate, the overall tax environment helps keep costs manageable in Mount Vernon.

Frequently Asked Questions

Common questions about living costs in Mount Vernon

What is the cost of living in Mount Vernon, WA?
The cost of living index in Mount Vernon, WA is 108 (US average = 100). Median monthly rent is $1,255, median household income is $73,277/year, and the median home value is $429,300.
Is Mount Vernon, WA affordable?
No, Mount Vernon is more expensive than the national average with a cost index of 108. The rent-to-income ratio is 20.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Mount Vernon, WA?
The median gross rent in Mount Vernon, WA is $1,255 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,060.
What is the median household income in Mount Vernon?
The median household income in Mount Vernon, WA is $73,277 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Washington?
Washington has a top income tax rate of 0%, a sales tax of 6.5%, and an effective property tax rate of 0.92%. Notably, there is no state income tax.