Cost of Living in Carmi, IL

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18%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
52%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Carmi Illinois National
Cost of living8298100
Groceries97100100
Health care94100100
Housing4895100
Transportation97101100
Utilities9499100
Lifestyle & Entertainment99100100
Household Items99100100
Education & Childcare99100100
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Homes For Sale In Carmi, IL

property for sale

119 5th St

Carmi, IL
property for sale

407 10th St

Carmi, IL
property for sale

101 5th St

Carmi, IL
property for sale

818 S Church St

Carmi, IL
See the Newest Homes For Sale In Carmi, IL

Cost Of Living Quick Facts

  • The cost of living in Carmi is 16% lower than the Illinois average
  • The cost of living in Carmi is 18% lower than the national average
  • Carmi housing is 52% lower than the national average
  • Illinois general sales tax is 22% higher than the national average
  • Illinois state income tax is 91% higher than the national average

Most Affordable Places to Live in and Around Carmi

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Compare Carmi, IL Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$73,218$6,102$1,708$2,197
      Renters$37,313$3,109$871$1,120
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Carmi, IL, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Carmi, homeowners have a median income of $73,218. Using that number, a maximum of $1,708 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $37,313, which means there is a maximum of $871 to be spent on the costs of renting a home or apartment.

      Illinois Sales Tax

      State General Sales Tax With Max Surtax
      Illinois 6.25% 10.25%

      Illinois Income Tax

      State Income Tax (Low) Income Tax (High)
      Illinois 4.95% 4.95%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Maunie, IL168973.1%
      Enfield, IL5587624.1%
      Burnt Prairie, IL927723.5%
      Crossville, IL8177723.0%
      Norris City, IL1,3567723.0%
      Carmi, IL5,0168217.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Demarest, NJ5,01619393.4%
      Eagar, AZ5,015981.7%
      Mattituck, NY5,01715252.1%
      Central Kootenay B, BC5,017n/a 
      Mayfair, CA5,01411212.2%
      Carmi, IL5,0168217.6%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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