Quick facts: Mount vernon, NY

Quick Facts

113.7
Cost of Living
above US average
71,714
Population
20.22
Crime Rate per 1000
below US average
$75,511
Median Income
below US average
$750,000
Median House Price
above US average
$2892.58
Average Rent
above US average
13%
Poverty Rate
above US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $75,511.

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Income Needed to Buy

βœ— Stretch
$235k/year
Based on $750,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $235k vs median $75,511
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Income Needed to Rent

⚠ Stretch
$124k/year
Based on $2892.58/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $124k vs median $75,511
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Mount vernon, NY

Mount Vernon is a vibrant city located in Westchester County, New York, just north of the Bronx and part of the New York metropolitan area. It boasts a rich history, having been incorporated in 1892, and is known for its diverse population and community spirit. The city’s proximity to New York City makes it an attractive location for commuters, offering a variety of public transport options, including the Metro-North Railroad, which provides easy access to Manhattan. Mount Vernon features several parks and recreational facilities, including the expansive Mount Vernon Memorial Park, which offers residents and visitors space for sports, walking, and picnicking. The city also hosts a variety of cultural events and festivals throughout the year, reflecting its multicultural community. Architecturally, Mount Vernon is characterized by a mix of residential styles, from historic Victorian homes to modern apartment complexes. The downtown area is undergoing revitalization, with new businesses and restaurants opening up, enhancing the local economy and improving the overall quality of life. Overall, Mount Vernon combines urban conveniences with suburban charm, making it a unique place to live, work, and explore.

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