Living in Vernon can be a wonderful experience. For starters, the people are extremely friendly and welcoming. The small-town atmosphere makes it a great place to raise a family, as there is a strong sense of community and support for one another. Additionally, the cost of living is quite low compared to other cities, making it an attractive option for those looking to save money. Lastly, there are plenty of outdoor activities available in the area, such as camping, hiking, and fishing.

On the downside, Vernon doesn't have much in the way of entertainment options or amenities. While there are a few restaurants and small shops around town, there aren't many activities to do outside of that. Additionally, the nearest large city is a few hours away, making it difficult to access larger stores or attractions that may be more readily available elsewhere.

Advantages:
- Vernon has a low cost of living compared to the national average. This means that your money may go further, and you may be able to afford a larger or nicer property for less.
- The village of Vernon, Alabama is situated in a peaceful rural area with a close-knit community which could be ideal if you prefer a quieter lifestyle.
- If you're interested in outdoor activities, Vernon and Lamar County offer plenty of options including fishing, boating, hiking, and hunting.

Disadvantages:
- Vernon is a small village with limited amenities. While this can be an advantage for those who prefer a quieter lifestyle, it may be a disadvantage for people who prefer more urban amenities like shopping and dining options.
- The local economy may not offer many employment opportunities. The majority of the population in Lamar County works in the manufacturing, retail, or service industry.
- The village is at risk of natural disasters such as tornadoes and floods, which may affect property values and potential loss of property.

It's important to keep in mind that these are general advantages and disadvantages, and specific factors will vary based on the property you're interested in and your personal preferences. It is recommended to do a thorough research and analysis before making any financial decisions.