Housing costs in Mount Carmel?
A typical home costs
$219,800, which is 35.0% less expensive than the national average of
$338,100 and 20.8% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Mount Carmel costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 32.1% cheaper than the state average of
$1,070.
Can I afford Mount Carmel?
To live comfortably in Mount Carmel, Tennessee, a minimum annual income of
$42,120 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Mount Carmel?
The cost of living in Mount Carmel, TN is quite reasonable. The median home price is around $130,000 and monthly rent for a one-bedroom apartment averages about $550. Utilities are also very affordable in the area with an average electricity bill of only $107 per month. Food prices in Mount Carmel tend to be slightly lower than the national average, and transportation costs are minimal thanks to the city's excellent public transit system. All in all, living in Mount Carmel is very affordable and provides a great quality of life for those who choose to call it home.