Carmi, IL Cost Of Living

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Carmi cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Carmi	Illinois	National
Cost of living index	83	98	100
Index	Carmi	Illinois	National
Goods & Services index	98	98	100
Groceries index	91	97	100
Health care index	90	100	100
Housing index	44	95	100
Transportation index	101	112	100
Utilities index	117	97	100

A general summary of the cost of living index in Carmi, IL is shown above. Compared to the state average of Illinois the cost of living index in Carmi, IL is 83, which is 16% lower than the average in Illinois and compared to the national average it is 17% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Carmi, IL goods and services come in at equal to the average in Illinois and are 2% lower than compared to the nationwide average.

Did you know?

The cost of living in Carmi is 16% lower than the Illinois average.
The cost of living in Carmi is 17% lower than the national average.
The cost of housing in Carmi is 56% lower than the national average.
Illinois general sales tax is 23% higher than the national average.
Illinois state income tax is 123% higher than the national average.

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Compare Carmi, IL Cost of living To Other Cities

Salary Calculator

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

The salary calculator is used in order to provide a comparison of your current salary in Carmi, IL to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Carmi, IL, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Carmi, IL salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$41,592	$3,466	$970	$1,248
Renters	$28,433	$2,369	$663	$853

How much of your monthly income goes to housing can tell you whether or not you can afford housing in Carmi, IL, as well as what the average cost of living is. 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 payment and not more than 36 percent of income on all expenses and debts. In Carmi, IL homeowners have a median income of $41,592. Using that number, you will come up with a maximum of $970 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $28,433, which means there is a maximum of $663 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%

One thing to keep in mind when considering the cost of living in Carmi, IL is the Illinois sales tax and Illinois income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Illinois sales tax rate is 6.25% and the maximum surtax that can be charged is 10.25%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Illinois income tax rates range from 4.95% to 4.95%.

Goods & Services

Item	Carmi	National avg.	Difference
Haircut	$20.60	$17.49	17.8%
Beauty Salon	$34.00	$38.17	10.9%
Toothpaste	$2.02	$2.32	13.0%
Shampoo	$0.91	$1.01	10.1%
Movie	$8.72	$10.72	18.7%
Bowling	$13.00	$13.86	6.2%

Groceries

Item	Carmi	National avg.	Difference
Ground Beef	$3.95	$3.90	1.3%
Fried Chicken	$1.29	$1.40	7.6%
Milk	$0.88	$1.96	55.2%
Potatoes	$2.92	$3.18	8.3%
Pizza	$9.99	$10.39	3.9%
Beer	$8.67	$9.23	6.1%

Health Care

Item	Carmi	National avg.	Difference
Optometrist	$116.60	$106.34	9.7%
Doctor	$98.75	$115.25	14.3%
Dentist	$88.17	$98.38	10.4%
Ibuprofen	$9.78	$9.26	5.6%
Lipitor	$382.56	$466.47	18.0%

Housing

Item	Carmi	National avg.	Difference
Home Price	$67,500.00	$184,700.00	63.5%
Avg. Mortgage Payment	$1,193.58	$1,273.32	6.3%
Apartment Rent	$577.00	$949.00	39.2%

Transportation

Item	Carmi	National avg.	Difference
Gasoline	$2.72	$2.59	5.1%
Tire Balancing	$48.00	$48.90	1.8%

Utilities

Item	Carmi	National avg.	Difference
All Electricity	$217.34	$167.60	29.7%
Phone	$181.43	$163.42	11.0%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

City, State	Population	Cost of Living Index	National Avg.
Phillipstown, IL	25	99	-1%
Maunie, IL	141	73	-27%
Burnt Prairie, IL	59	75	-25%
Griffin, IN	145	76	-24%
Springerton, IL	117	78	-22%
Carmi, IL	5,065	83	-17%

City, State	Population	Cost of Living Index	National Avg.
Dunlap, TN	5,065	87	-13%
Mount Carmel, OH	5,063	91	-9%
Pinehurst, TX	5,067	90	-10%
Sparta, TN	5,063	83	-17%
Layhill, MD	5,063	144	44%
Carmi, IL	5,065	83	-17%

Carmi, IL Cost of Living