Housing costs in Mount Carmel?
A typical home costs
$89,900, which is 73.4% less expensive than the national average of
$338,100 and 62.8% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Mount Carmel costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 48.2% cheaper than the state average of
$1,260.
Can I afford Mount Carmel?
To live comfortably in Mount Carmel (zip 62863), Illinois, a minimum annual income of
$17,280 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 62863 Mount Carmel, IL is relatively low compared to other places in the United States. The median income is about $25,000 a year and the average rent for an apartment is around $550 per month. The overall cost of living index for the area is around 86, which is significantly lower than the U.S. average of 100. This means that goods and services are generally more affordable here than in other areas of the country. Additionally, Mount Carmel has a variety of amenities and attractions that make it an attractive place to live. There are plenty of nearby parks, shopping centers and restaurants as well as plenty of opportunities for entertainment and recreation making it a great option for those looking for a comfortable place to call home without breaking the bank.