Mount Vernon, Washington Income Statistics
Mount Vernon Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
C
Mount Vernon Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Mount Vernon | Washington Avg | US Average |
|---|---|---|---|
| Median Household Income | $74,681 | $98,224 | $80,455 |
| Median Personal Income | $51,978 | $73,370 | $60,758 |
| Average Yearly Income Growth | 5.4% | 5.6% | 4.8% |
| Six-Figure Earners | 10.2% | 19.3% | 13.9% |
| $200k+ Households | 6.8% | 18.5% | 13.2% |
The median household income in Mount Vernon is about 24% lower than in Washington. Income has been growing slower in Mount Vernon (5.4%/yr) than in Washington (5.6%/yr).
About 10% of adults in Mount Vernon earn six figures ($100,000 or more) a year, lower than the Washington average of 19%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Mount Vernon, Washington grew by 60.0% from 2009 to 2024, reaching $74,681 in 2024. That's an average of about 5.4% per year.
Income Inequality and the Gender Pay Gap in Mount Vernon
| Metric | Mount Vernon | Washington Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.530 | 0.534 | 0.552 |
| Male Median Income | $66,063 | $86,137 | $69,667 |
| Female Median Income | $51,005 | $68,506 | $56,850 |
| Gender Pay Gap | 22.8% | 20.5% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Mount Vernon, it is 0.530, about the same as Washington's 0.534, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 30% more than women's income in Mount Vernon, Washington. Over a 35-year career, a 30% wage gap accumulates to roughly $527,030 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Mount Vernon, Washington has narrowed from about 24% to 23% in 2024. Over that period the gap was widest at 27% in 2020, and was narrowest at 13% in 2014. In dollar terms, the gap has widened by $5,191 since 2009.
Employment
| Metric | Mount Vernon | Washington Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.7% | 5.0% | 5.2% |
| Working from Home | 12.7% | 19.8% | 15.0% |
| Commute time (minutes) | 18 | 22 | 22 |
Approximately 784 people are unemployed in Mount Vernon, Washington.
The average commute time in Mount Vernon is 18 minutes, shorter than the 22 minutes in Washington.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Mount Vernon, Washington has fallen from 9.8% to 5.7% in 2024. Over that period the rate peaked at 11.8% in 2013 and fell as low as 4.2% in 2021.
Conclusion
Considering all these factors, Mount Vernon, Washington has an overall wealth index grade of C, making it somewhat worse than Washington, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Mount Vernon, Washington.
How Rich Is Mount Vernon, Washington?
Mount Vernon has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $74,681, about 24% lower than the Washington average of $98,224.
How fast is household income rising in Mount Vernon, Washington?
Between 2009 and 2024, the median household income in Mount Vernon, Washington rose 60%, from $46,676 to $74,681. Over the same years, income here lagged behind Washington as a whole: +60% against +73%.
What was the median household income in Mount Vernon in 2023?
In 2023, the median household income in Mount Vernon, Washington was $72,078, up 5% from $68,704 in 2022. The Washington median that year was $95,216.
What was the median household income in Mount Vernon in 2020?
In 2020, the median household income in Mount Vernon, Washington was $62,122. By 2024 it had risen 20% to $74,681.
What is the Gini coefficient in Mount Vernon, Washington?
The Gini coefficient in Mount Vernon is 0.530. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Mount Vernon, Washington?
Since 2009, the income gap between men and women in Mount Vernon, Washington has narrowed from about 24% to 23% in 2024. Over that period the gap was widest at 27% in 2020, and was narrowest at 13% in 2014. In dollar terms, the gap has widened by $5,191 since 2009.
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