Cost of Living in Mount Vernon
Summary: If you are thinking about moving to Mount Vernon, here is an overview of the cost of living there.
Mount Vernon, located in Westchester County, offers a diverse range of living costs that can vary depending on the specific area within the city and the type of housing or service. As of my knowledge cutoff in early 2023, the cost of living in Mount Vernon is generally higher than the national average, primarily due to its proximity to New York City and the overall high cost of living in the region.
Housing prices in Mount Vernon can vary widely. For 3-bedroom homes, prices may range from $400,000 to $600,000, depending on the neighborhood, condition of the home, and proximity to amenities. Larger 4-bedroom homes can command prices from $500,000 to over $700,000. These prices are subject to change based on market conditions and specific locations within Mount Vernon.
Apartment rentals also vary, with 1-bedroom apartments typically ranging from $1,500 to $2,000 per month, while 2-bedroom apartments can range from $2,000 to $2,500 per month. For those looking to purchase an apartment, prices can range from $100,000 to $300,000 for a 1-bedroom unit, and from $200,000 to $400,000 for a 2-bedroom unit, again depending on the exact location and amenities offered.
When it comes to dining out, Mount Vernon offers a variety of restaurants ranging from casual eateries to more upscale dining experiences. A meal at an inexpensive restaurant might cost around $15 to $25 per person, while a three-course meal at a mid-range restaurant could be between $50 and $70 per person. Utilities for a standard 85m2 apartment, including electricity, heating, cooling, water, and garbage, can range from $150 to $250 per month, depending on usage and the time of year.
Private school tuition varies widely based on the institution and the level of education. For preschool, annual tuition can range from $5,000 to $15,000. Elementary schools may charge between $10,000 and $25,000 per year, while middle schools and high schools can range from $15,000 to $30,000 or more annually. These costs can be significantly higher for prestigious institutions or those offering specialized programs.
| Item | Cost |
|---|---|
| 3-Bedroom Home Purchase | $400,000 - $600,000 |
| 4-Bedroom Home Purchase | $500,000 - $700,000 |
| 1-Bedroom Apartment Rental | $1,500 - $2,000 / month |
| 2-Bedroom Apartment Rental | $2,000 - $2,500 / month |
| 1-Bedroom Apartment Purchase | $100,000 - $300,000 |
| 2-Bedroom Apartment Purchase | $200,000 - $400,000 |
| Inexpensive Restaurant Meal | $15 - $25 |
| Mid-Range Restaurant 3-Course Meal | $50 - $70 |
| Monthly Utilities (85m2 Apartment) | $150 - $250 |
| Private Preschool Tuition (Annual) | $5,000 - $15,000 |
| Private Elementary School Tuition (Annual) | $10,000 - $25,000 |
| Private Middle School Tuition (Annual) | $15,000 - $30,000 |
| Private High School Tuition (Annual) | $15,000 - $30,000+ |
About the Author
Betsy Burlingame is one of the founders of BlueBurbia and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and BlueBurbia, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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