Mount Carmel, IN is a great city for people looking for a budget-friendly lifestyle. The average 2 bedroom rent in Mount Carmel is $950, which is cheaper than the national average of $1,430. Additionally, the grocery cost index in Mount Carmel is 99 versus 100 in the US. There are plenty of great companies and attractions to experience in this city. Companies such as Walgreens and Dollar General have outlets across the city, while popular attractions like Haubstadt Motorsports Park provide fun and entertainment for all ages. Moreover, there are lots of activities to do at an affordable price point. From visiting parks and playgrounds to going on hikes at nearby trails, there's something for everyone in Mount Carmel.
Mount Carmel has an unemployment rate of 4.1%. The US average is 6.0%.
Mount Carmel has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 24.6%, which is lower than the US average of 33.5%.
Tax Rates for Mount Carmel
- The Sales Tax Rate for Mount Carmel is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Mount Carmel is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Mount Carmel
- The average income of a Mount Carmel resident is $10,057 a year. The US average is $28,555 a year.
- The Median household income of a Mount Carmel resident is $40,625 a year. The US average is $69,021 a year.