Cost of Living in Mount Carmel, TN

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7%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
19%
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 Tennessee National
Cost of living9392100
Groceries9698100
Health care9997100
Housing8180100
Transportation9797100
Utilities9998100
Lifestyle & Entertainment9997100
Household Items9898100
Education & Childcare10097100
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Homes For Sale In Mount Carmel, TN

property for sale

510 Cherokee Dr

Mount Carmel, TN
property for sale

306 Hemlock St

Mount Carmel, TN
property for sale

227 Mountain View Dr

Mount Carmel, TN
property for sale

327 Independence Ave

Mt Carmel, TN

Cost Of Living Quick Facts

  • The cost of living in Mount Carmel is equal to the Tennessee average
  • The cost of living in Mount Carmel is 7% lower than the national average
  • Mount Carmel housing is 19% lower than the national average
  • Tennessee general sales tax is 37% higher than the national average
  • Tennessee state income tax is 100% lower than the national average

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      The best places in Tennessee

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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$89,407$7,451$2,086$2,682
      Renters$0$0$0$0
      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 $89,407 for people who own homes. Based on that number, a maximum of $2,086 should be spent on expenses related to housing. Renters have a slightly different median income, which is $0. Based on this average, renters should spend no more than $0 on all rental costs if they want to maintain a non-impoverished standard of living.

      Tennessee Sales Tax

      State General Sales Tax With Max Surtax
      Tennessee 7% 9.75%

      Tennessee Income Tax

      State Income Tax (Low) Income Tax (High)
      Tennessee 0% 0%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Clinchport, VA49982.0%
      Weber City, VA1,6418713.0%
      Fall Branch, TN1,2068712.5%
      Bloomingdale, TN9,6888712.5%
      Nickelsville, VA3689010.3%
      Mount Carmel, TN5,493937.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Tillamook, OR5,4931044.3%
      Iowa Colony, TX5,4921065.8%
      Dulles Town Center, VA5,49214141.4%
      Jeanerette, LA5,4948712.7%
      Moab, UT5,4941109.9%
      Mount Carmel, TN5,493937.2%
      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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