Carmi, IL is a small town located in the southern area of the state. It has a very low cost of living compared to other parts of the country, with an average 2 bedroom rent being only $720 per month. The Grocery Cost Index for Carmi is also significantly lower than the national average of 100, coming in at just 92. This makes Carmi a great place for those looking to save money.
Carmi has plenty of local businesses and attractions, including Big Muddy's BBQ & Catering, The Old Creamery Theatre Company, The Cottage Boutique & Gifts, and Carmi Public Library. There are also several parks located in town as well as several golf courses nearby. With its low cost of living and abundance of activities, it's no surprise that Carmi is such a popular place to live in Southern Illinois.
Carmi has an unemployment rate of 5.6%. The US average is 6.0%.
Carmi has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Carmi
- The Sales Tax Rate for Carmi is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Carmi is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Carmi
- The average income of a Carmi resident is $23,077 a year. The US average is $28,555 a year.
- The Median household income of a Carmi resident is $47,128 a year. The US average is $69,021 a year.