Housing costs in Mount Carmel?
A typical home costs
$208,200, which is 38.4% less expensive than the national average of
$338,100 and 6.0% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Mount Carmel costs
$950 per month, which is 33.6% cheaper than the national average of
$1,430 and 3.2% cheaper than the state average of
$980.
Can I afford Mount Carmel?
To live comfortably in Mount Carmel, Indiana, a minimum annual income of
$39,960 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Mount Carmel?
The cost of living in Mount Carmel, IN is relatively low compared to other parts of the country. According to Sperling's Best Places, the cost of living index is about 80.5, which is 20.5% lower than the US average. Housing prices in Mount Carmel are also generally lower, with median home values coming in at around $79,200. This makes it a great option for those looking for affordable housing options. Additionally, due to the town’s small size and limited job opportunities, there are fewer expenses associated with transportation and entertainment compared to bigger cities or towns. All these factors make Mount Carmel an ideal place for individuals and families seeking a relaxed lifestyle while still being able to afford their daily needs.