Cost of Living in Mount Carmel, IL

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17%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
50%
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 Mount Carmel Illinois National
Cost of living8398100
Groceries97100100
Health care94100100
Housing5095100
Transportation97101100
Utilities9499100
Lifestyle & Entertainment99100100
Household Items99100100
Education & Childcare99100100
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Homes For Sale In Mount Carmel, IL

property for sale

106 N Market St

Mount Carmel, IL
property for sale

7021 N Mesa Lake Dr

Mount Carmel, IL
property for sale

19215 Friendsville Ave

Mount Carmel, IL
property for sale

223 E 3rd St

Mount Carmel, IL

Cost Of Living Quick Facts

  • The cost of living in Mount Carmel is 16% lower than the Illinois average
  • The cost of living in Mount Carmel is 17% lower than the national average
  • Mount Carmel housing is 50% 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 Mount Carmel

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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$75,804$6,317$1,769$2,274
      Renters$40,986$3,416$956$1,230
      A good way to judge both the affordability of the housing and the cost of living in Mount Carmel is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Mount Carmel has a median income of about $75,804 for people who own homes. Based on that number, a maximum of $1,769 should be spent on expenses related to housing. Renters have a slightly different median income, which is $40,986. Based on this average, renters should spend no more than $956 on all rental costs if they want to maintain a non-impoverished standard of living.

      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.
      Browns, IL2337723.5%
      Keensburg, IL1137723.0%
      Bone Gap, IL1567822.2%
      Decker, IN2647822.1%
      West Salem, IL8997822.0%
      Mount Carmel, IL7,1128317.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Emmett, ID7,108936.8%
      Treasure Island, FL7,11813231.9%
      Portage la Prairie, MB7,102n/a 
      Ocean City, MD7,12211919.1%
      Amory, MS7,0998811.8%
      Mount Carmel, IL7,1128317.1%
      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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