Mount Carmel, TN is a small town located in the northeastern part of the state. It offers many opportunities for those looking for an affordable place to live and work. The average rent for a two-bedroom apartment is only $810, much lower than the US average of $1,430. Additionally, grocery costs are even cheaper, with an index score of 96 compared to 100 in the US.
Those living and working in Mount Carmel have access to many nearby local companies and resources that help support the community. For example, there is the Mount Carmel Public Library which provides educational and cultural services, as well as a variety of shops including the Amish Village Store where you can find handmade goods from local artisans. There are also numerous restaurants serving up delicious food from area eateries like El Jalapeño Mexican Restaurant or The Olde Towne Café & Bakery. Other community amenities include churches and recreational activities such as golfing at Long Creek Golf Course or fishing at Cherokee Lake.
Mount Carmel has an unemployment rate of 5.5%. The US average is 6.0%.
Mount Carmel has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 34.3%, which is higher than the US average of 33.5%.
Tax Rates for Mount Carmel
- The Sales Tax Rate for Mount Carmel is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Mount Carmel is 0.0%. 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 $22,033 a year. The US average is $28,555 a year.
- The Median household income of a Mount Carmel resident is $59,691 a year. The US average is $69,021 a year.